Calculation agent: Difference between revisions

As its name suggests, a calculation agent is a person appointed to calculate things, usually in the context of a {{masteragreement}} like an {{isdama}}, a {{gmra}}, a {{gmsla}} or a {{csa}} or other credit support document. It will usually be one of the parties to the master agreement, and usually<ref>Like, ''always''.</ref> the [[broker dealer]] out of the two, if there is only one.  

But just who the calculation agent is, and how much discretion it has to determine the calculation without entertaining protest from the other party, is a matter that can occupy a derivatives lawyer for days on end.