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...'looking like'' bilateral, even-stevens, un-[[loansome]] things swaps are, in fact, ''implied loans''. Hotly justifying this stance side-tracked the orig ...s''. There is no lender or borrower to a swap: yes, the transaction may go in and out of the money but, as it does, each participant is an honest rival f

...pean investment banking and trading worlds are MiFID — the [[MiFID|Markets in Financial Instruments Directive]] and [[EMIR]] — the [[European Market In ...suring safety rails are in place to avoid the concentration of market risk in the system.

...pliance users have conflicting emotions: on one hand, I would like to lock in the price, now, of an Allowance, so I am not at the mercy of the rapacious ...ay’s ''spot'' price of course; it will be today’s ''forward'' price, which in a [[contango]] market will be higher — but you only ''settle'' the trade

Knowledge is knowing that a tomato is a fruit; wisdom is not putting it in a fruit salad. ...nocrats have, for thirty years, been winning. As we are gradually immersed in the superficial charm of technology, it feels like an end-game: there is no

A narrative principle that states that every element in a story must be necessary, and irrelevant elements should be removed. “If there is a rifle hanging on the wall in the first act, it must go off in the third.”}}

...firm uses to acquire kit, rent premises, pay suppliers and hire staff, all in the collective enterprise of selling goods and services. ...nsaction by which she invested capital was a sale and purchase: money paid in return for a ''[[share]]''. If she wants out, the company is not obliged to

...t’s lonely being a contrarian]]. Be a contrarian, but be prepared to stand in the cold. If you challenge a popular, bad idea that happens to be “libera ...people whose bad ideas happen to align with yours might seek to bring you in. Don’t let them. Stay aloof. ''[[It’s lonely being a contrarian]]''.

...d. It is predictable, finite, determinate and easy for the parties to hold in contemplation. “If I can’t go through with this the worst I can be stuc ...elsewhere (at exactly, or less than, her [[direct loss]]) and then used it in any of the ways she is now complaining about, to earn that money and mitiga

...ng against proprietary capital resulting in the conclusion of transactions in one or more [[financial instruments]]” — but given MiFID’s purpose, g ...l to buy, and go on risk to, financial instruments. See, for example, this in the FCA’s [https://www.handbook.fca.org.uk/handbook/PERG/13/3.pdf Q&A to

The stock-in-trade of a [[Middle management|middle manager]] and the [[management consul ...work in sociology and [[systems theory]], and at the same time go ignored in the upper tiers of corporate management:

To exercise “[[Pareto triage]]” is to move beyond the ''observation'' that, in a given period, eighty percent of your revenues may be attributed to twenty ...and instead concentrating on that lovely twenty percent segment who bring in all the rest of our income. }}

That laggard scrip, housed around in bricks and mortar, <br> In which the experts in the market got properly schooled by a bunch of daytraders. Acres have been

...orth that same amount tomorrow, and that any other merchant you might find in the market tomorrow will share your opinion. ...t payment. We are motivated by the machinery of the state to see the value in its currency.

That is to say, we all participate in power structures great and small, important and trivial, and they intersect Even people who ''complain'' about power structures — at least ones who do in an organised and compelling way — have a power structure. [[Critical theo

...nded fan-fiction universe ([[GMSLA]], [[GMRA]], [[DRV]], [[FBF]] etc), and in the documentation of [[debt securities]]. ...{eqderivprov|Calculation Agent}} and the {{eqderivprov|Determining Party}} in the {{eqdefs}}.</ref>

...t quickly from crowded theatres when someone yells fire or to hysterically buy, and then sell, [[Enron]] stock ''[[for fear of missing out]]'' — are not ...consecutive heads is ''0.5 x 10⁹⁹'', which you wouldn’t expect in several lifetimes of the universe.”

...important to an understanding of intuitive thinking, and comes up so often in this book that I will use a cumbersome abbreviation for it: WYSIATI, which }}{{d|Terry’s law|/ˈtɛriz/ /lɔː/|n|}}What you see is all there is. In the modernist machine, everything you say can, and will, be held against yo

...sh altogether. So, “crap, or get off the pot”.}}}}“[[Use it or lose it]]”, in the vernacular. ...forced you to agree when you were a two-person start-up above a shoe-shop in Camden. I ''know'', right?

...ur. Wearer not identified.}} }}You may see this sort of clause, especially in a [[custody]] or [[agency]] agreement: ...d will not be liable for any action taken or [[Act or omission|not taken]] in reliance upon that advice''.<ref>The SPIRE version, for completists, is as

...Other [[finance contract]]s label their participants to make it clear who, in the [[power structure]], is who: a [[loan]] has a “[[Lender]]” — the {{drop|A|belief in}} even-handedness gripped the ones whose [[deep magic]] forged the runes of