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Template:M comp disc 2018 CSD 1(c)

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This is, remarkably, even less elegant at doing the same job that Para 1(b) does in the 2016 VM CSA. I don’t know what happened to ISDA’s crack drafting squad™ between 2016 and 2018, but it somehow lost its new-found self-confidence, and eschewed the elegant “the Covered Transactions specified in Paragraph 11” in favour of the more pedestrian — and I have in mind a drunk pedestrian, navigating the median strip of a busy motorway after nightfall — “the relevant Covered Transactions (IM) specified in accordance with the provisions of Paragraph 13”.

Why do you do this to your reading public,. ISDA’s crack drafting squad™?

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