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2011 ISDA Equity Derivatives Definitions: Difference between revisions
2011 ISDA Equity Derivatives Definitions (view source)
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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]]. 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]]. | {{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]]. 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]]. | ||
As of 8 July 2021, they reached their first decade of life on earth, and it’s been so far a lonely experience. In that time the planet has added another nine hundred million people, but not one of them, as far as we know, is using the 2011 ISDA Equity Derivatives Definitions. 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 [[Over-the-counter|privately negotiated derivatives]] will eventually be included within the standard”. | 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”. | ||
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{{sa}} | {{sa}} | ||
*[[Flight 19]] | |||
*[[Mark-up language]] | *[[Mark-up language]] | ||
*[[Equity Derivatives Anatomy]] | *[[Equity Derivatives Anatomy]] | ||