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| {{isda92anat|Market Quotation}} | | {{newisda92manual|Market Quotation}} |
| {{isdacomparison}}
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| If it weren’t so long ago, you would honestly say this ludicrous {{isdaprov|Market Quotation}} and {{isdaprov|Loss}}, and {{isdaprov|First Method}} and {{isdaprov|Second Method}} confection was designed with the sole purpose of keeping [[negotiator]]s in [[tedious]] employment.
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| {{means}}
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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}}.
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| *'''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}}.
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| *'''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.
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| ===Relationship to {{csaprov|Exposure}} under the {{csa}}===
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| Eagle-eyed observers will note that {{isdaprov|Market Quotation}} gets a name-check in the definition of {{csaprov|Exposure}} in the {{1995csa}}. So how does that work, you might ask, where you have a {{2002ma}} which doesn't ''have'' a definition of Market Quotation? Well, the answer lies in the [[2002 ISDA Master Agreement Protocol]]. As long as your counterparty has adopted that, then the provisions are converted over to 2002-speak as it were.
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| {{sa}}
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| {{isia}}
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| *{{isdaprov|Loss}}
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| *{{isdaprov|Close-out Amount}}
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