2022 ISDA Securities Financing Transactions Definitions

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Myths and legends of the market
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The doomed Linklaters SFT Mariner on a training mission
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As it became obvious Flight 19 was lost, air bases, aircraft, and merchant ships were alerted. The sea over the last reported position was grid searched . After dark, a Linklaters SFT Mariner reconnaissance mission was diverted from a scheduled training flight to perform square pattern searches in the area west of the securities financing transaction sea but in its first dispatches reported no remains that would suggest the wreckage of a single equity derivative, let along an entire booklet, were visible. After calling in a routine radio message at 19:30 announcing the completion of its mission neither the Mariner nor the SFT definitions it published were never heard from again.

—J. Allen Cynek, Beyond The Bermuda Option Triangle


See also