Difference between revisions of "2011 ISDA Equity Derivatives Definitions"

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{{a|eqderiv|[[File:Hindenburg.jpg|450px|thumb|center|the [[2011 ISDA Equity Derivatives Definitions]] at their launch in June 2011. As far as anyone knows, they're still there.]]}}Ah, the ill fated [[2011 ISDA Equity Derivatives Definitions]]. It seemed such a good idea. So advanced. So high-tech, incorporating the very latest [[mark-up language]] — the much vaunted [[Financial products Markup Language]]. There are [[Linklaters]] lawyers alive today — alive, though ''changed'' — who have not yet refilled the existential void hollowed out from their souls by the years lost to converting all that ludicrous text into [[FpML]].  
 
{{a|eqderiv|[[File:Hindenburg.jpg|450px|thumb|center|the [[2011 ISDA Equity Derivatives Definitions]] at their launch in June 2011. As far as anyone knows, they're still there.]]}}Ah, the ill fated [[2011 ISDA Equity Derivatives Definitions]]. It seemed such a good idea. So advanced. So high-tech, incorporating the very latest [[mark-up language]] — the much vaunted [[Financial products Markup Language]]. There are [[Linklaters]] lawyers alive today — alive, though ''changed'' — who have not yet refilled the existential void hollowed out from their souls by the years lost to converting all that ludicrous text into [[FpML]].  
  
It’s been eight years, and no-one’s using ’em. Like one of those millennial cults which predicted the end of the world in June 2010, woke up with a surprise on the first of July, did a double take, scratched its head, and said “well it ''is'' coming, just not today”. [[ISDA]], who manages the standard, is still confidently predicting that  “all categories of privately negotiated derivatives will eventually be included within the standard”.
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It’s been eight years, and no-one’s using ’em. Not a single soul.
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Yet, like one of those millennial cults which predicted the end of the world in June 2010, woke up with a surprise on the first of July, did a double take, scratched its head, and said “well it ''is'' coming, just not today”. [[ISDA]], who manages the standard, is still confidently predicting that  “all categories of [[Over-the-counter|privately negotiated derivatives]] will eventually be included within the standard”.
 +
 
 +
In [[the long run]], maybe.<ref>“But this [[the long run|long run]] is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” — {{author|John Maynard Keynes}}, ''A Tract on Monetary Reform'' (1923).</ref>
  
 
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*[[Equity derivative]]s
 
*[[Equity derivative]]s
 
*[[2008 ISDA Master Agreement]]
 
*[[2008 ISDA Master Agreement]]
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{{ref}}

Latest revision as of 04:31, 4 December 2019

Equity Derivatives Anatomy

the 2011 ISDA Equity Derivatives Definitions at their launch in June 2011. As far as anyone knows, they're still there.

2002 Equity Derivatives Definitions: (article) | (full wikitext) | (nutshell wikitext)
Hot topics: The Triple Cocktail | Cancellation and Payment | Calculation Agent
TOC | 1 General Definitions | 2 Option Transactions · 2.1 · 2.2 · 2.3 · 2.4 | 3 Exercise of Options · 3.1 · 3.2 · 3.3 · 3.4 | 4 Forward Transactions · 4.1 · 4.2 | 5 Equity Swap Transactions· 5.1 · 5.1 · 5.3 · 5.4 · 5.5 · 5.6 · 5.7 · 5.8 · 5.9 · 5.10 | 6 Valuation · 6.1 · 6.2 · 6.3 · 6.4 · 6.5 · 6.6 · 6.7 · 6.8 | 7 Settlement · 7.1 · 7.2 · 7.3 | 8 Cash Settlement · 8.1 · 8.2 · 8.3 · 8.4 · 8.5 · 8.6 · 8.7 · 8.8 | 9 Physical Settlement · 9.1 · 9.2 · 9.3 · 9.4 · 9.5 · 9.6 · 9.7 · 9.8 · 9.9 · 9.10 · 9.11 · 9.12 | 10 Dividends · 10.1 · 10.2 · 10.3 · 10.4 · 10.5 · 10.6 · 10.7 | 11 Adjustments and Modifications · 11.1 · 11.2 · 11.3 · 11.4 | 12 Extraordinary Events · 12.1 · 12.2 · 12.3 · 12.4 · 12.5 · 12.6 · 12.7 · 12.8 · 12.9 | 13 Miscellaneous 13.1 · 13.2 · 13.3 · 13.4

Ah, the ill fated 2011 ISDA Equity Derivatives Definitions. It seemed such a good idea. So advanced. So high-tech, incorporating the very latest mark-up language — the much vaunted Financial products Markup Language. There are Linklaters lawyers alive today — alive, though changed — who have not yet refilled the existential void hollowed out from their souls by the years lost to converting all that ludicrous text into FpML.

It’s been eight years, and no-one’s using ’em. Not a single soul.

Yet, like one of those millennial cults which predicted the end of the world in June 2010, woke up with a surprise on the first of July, did a double take, scratched its head, and said “well it is coming, just not today”. ISDA, who manages the standard, is still confidently predicting that “all categories of privately negotiated derivatives will eventually be included within the standard”.

In the long run, maybe.[1]

See also

References

  1. “But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” — John Maynard Keynes, A Tract on Monetary Reform (1923).