Template:M comp disc EUA Annex all a dream

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Section (d)(i)(4)(D) is the part of the Settlement Disruption Event where things seem to have ground to an irretrievable halt, and ISDA’s crack drafting squad™ has concluded the best thing to do is for everyone to just forget whatever it was they were expecting to get out of the transaction, and put everything back how they found it and walk away. Curious, we call it. Curious. And most un-ninjery.

Section (d)(i)(5)(D) is the equivalent provision for Suspension Events. It is most curious and really makes me think the JC must have missed something big here, because the sort of things you would expect to be consistent across various events that delay scheduled settlement: Suspension, Settlement Disruption and so on — things like Cost of Carry compensation — are different, whereas the one thing that you would expect to, well, to not be there at all, frankly — the then I woke up and it was all a dream termination sequence — is curiously consistent.

Template:Cj:M comp disc EUA Annex (d)(iv)

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