2011 ISDA Equity Derivatives Definitions: Difference between revisions

{{a|eqderiv|[[File:TBF (Avengers) flying in formation.jpg|450px|thumb|center|The doomed [[Linklaters]] squadron shortly before embarking on the fateful drafting run.]]}}Ah, the ill-fated [[2011 ISDA Equity Derivatives Definitions]]. Also known as the “Hindenburg variations”, after the dirigible hot-air derivatives disaster of 1937.<ref>For younger readers, the German passenger airship LZ 129 ''Hindenburg'' caught fire and was destroyed during its attempt to dock with its mooring mast in New Jersey at the end of its maiden transatlantic voyage, on May 6, 1937. The event shattered public confidence in giant, air-filled [[equity derivatives]] and marked the abrupt end of the inflatable swaps era. ''[Shouldn’t that be “inflation” swaps? — Ed.]''</ref> Oh, it ''seemed'' such a good idea. So ''advanced'': ''lighter than air swaps''. Can you even ''imagine'' it? 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]].