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Negotiation oubliette: Difference between revisions
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{{a|negotiation|[[File:negotiation oubliette.png|center|450px|thumb|“All right, well what about [[cross acceleration]]? With a [[grace period]]? And a carve-out for operational error?”]]}}{{oubliette capsule}} | {{a|negotiation|[[File:negotiation oubliette.png|center|450px|thumb|“All right, well what about [[cross acceleration]]? With a [[grace period]]? And a carve-out for operational error?”]]}}{{d|Negotiation oubliette|/nɪˌgəʊʃɪˈeɪʃən/ /ˌuːblɪˈɛt/|n|}}{{oubliette capsule}} | ||
Into the oubliette you will go, taking the whole negotiation with you, the moment anyone proposes to accommodate any of the infinite count of [[tail event]]s that in logical theory could but in recorded history never have come about. Seeing an oubliette coming early is vital, as is the right response, since falling into it is very easy to do. The notion of a “clabby conversation” translates very well 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 view, shared by few in the market and lacking a solid base in common sense, but of such gems of incongruous conviction propel many a livelihood in the Square Mile and we should not gainsay them. They are inexplicable brute facts of the universe, like the cosmological constant or the popularity of golf. | 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 view, shared by few in the market and lacking a solid base in common sense, but of such gems of incongruous conviction propel many a livelihood in the Square Mile and we should not gainsay them. They are inexplicable brute facts of the universe, like the cosmological constant or the popularity of golf. | ||