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From The Jolly Contrarian
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Commentary

If, when determining a Market Value, you have got as far as using Reference Dealers, things are not going well. This chips are down, and figuring out how and what to average out of your dealer poll will not lift your spirits, especially when you read on and notice your counterparty will probably ignore it anyway. Do not tarry: progress directly to "the party making the determination will, whilst avoiding being a total jerk, just make it up on the spot", which is what the ultimate fallback amounts to.