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*'''Pricing methodology''': Note that this quote comprises a portfolio of transactions on identical economic terms (including collateralisation), but between the {{isdaprov|Non-affected Party}} and the relevant market maker; i.e. you don't take into account the (almost inevitable) deterioration of the creditworthiness of the {{isdaprov|Affected Party}}. | *'''Pricing methodology''': Note that this quote comprises a portfolio of transactions on identical economic terms (including collateralisation), but between the {{isdaprov|Non-affected Party}} and the relevant market maker; i.e. you don't take into account the (almost inevitable) deterioration of the creditworthiness of the {{isdaprov|Affected Party}}. | ||
*'''Where there are fewer than three quotations''': By dint of the definition of {{isdaprov|Settlement Amount}}, if there are fewer that three quotations, or the determining party thinks the value provided by Market Quotation is commercially unrealistic, Market Quotation defaults to {{isdaprov|Loss}}. | *'''Where there are fewer than three quotations''': By dint of the definition of {{isdaprov|Settlement Amount}}, if there are fewer that three quotations, or the determining party thinks the value provided by {{isdaprov|Market Quotation}} is commercially unrealistic, {{isdaprov|Market Quotation}} defaults to {{isdaprov|Loss}}. | ||
*'''Will there ever ''be'' any quotations?''': No, which is why you need to note that the definition of {{isdaprov|Settlement Amount}} defaults to {{isdaprov|Loss}} when, as surely they will, every {{isdaprov|Reference Market-maker}} respectfully declines to take your call. | *'''Will there ever ''be'' any quotations?''': No, which is why you need to note that the definition of {{isdaprov|Settlement Amount}} defaults to {{isdaprov|Loss}} when, as surely they will, every {{isdaprov|Reference Market-maker}} respectfully declines to take your call. | ||