Template:Isda 2(d) comp

Observant and less obedient scholars will remark what a pig’s ear the ISDA drafting committee made of a simple concept and, when given a once-in-a-decade opportunity to improve it in 2002, the combined intellectual might of ISDA, its members, friends, relations and their divers counsel, retinue and entourage, couldn’t.

Or didn’t.

Both are excruciating in the conveyance of a fairly simple idea. Premium subscribers can even have a decko at the nutshell version.