82,891
edits
Negotiation oubliette: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{a|negotiation|[[File:Rube Goldberg machine.jpg|center|450px|frameless]]}}Where you will go, taking the whole negotiation with you, the moment you nickel-and-dime on some tail-event risk management concern. You know, by reference to 1.3% of the rolling weighted average volume of the monthly mean rainfall on the Amazon basin etc. | {{a|negotiation|[[File:Rube Goldberg machine.jpg|center|450px|frameless]]}}{{oubliette capsule}} | ||
Seeing an oubliette coming early is vital, as is the right response to avoid falling into it, is very easy to do. This translates identically into the world of [[contract negotiation]]: | |||
Let’s say your [[credit department]] has it in its head that [[cross default]] is an important protection in a [[Securities financing transaction|securities financing arrangement]]. This is a peculiar and idiosyncratic view, not shared by anyone in the market and lacking a solid base in common sense, but of such gems of incongruous conviction | |||
Where you will go, taking the whole negotiation with you, the moment you nickel-and-dime on some tail-event risk management concern. You know, by reference to 1.3% of the rolling weighted average volume of the monthly mean rainfall on the Amazon basin etc. | |||
It might jazz your risk colleagues, and it will doubtless appeal to your own [[Rube Goldberg]]ian instinct — every transactional [[legal eagle]] has it, however deeply it will be buried, and it will overjoy your [[buyside counsel]], and as you descend into the [[abyss]], it will drive your clients up the ''wall''. | It might jazz your risk colleagues, and it will doubtless appeal to your own [[Rube Goldberg]]ian instinct — every transactional [[legal eagle]] has it, however deeply it will be buried, and it will overjoy your [[buyside counsel]], and as you descend into the [[abyss]], it will drive your clients up the ''wall''. | ||