Net Value determination where unable to sell Securities - GMSLA Provision: Difference between revisions

If it can't determine a {{gmslaprov|Default Market Value}} under {{gmslaprov|11.2}}, {{gmslaprov|11.3}} and {{gmslaprov|11.4}}, the {{gmslaprov|Non Defaulting Party}} can just make one up. Within reason, of course. [[Valuation]] is one of the great intractable ontological conundrums of the financial markets: in few other contexts dows a jobbing attorney look so balefully into the formless void where her intricate hermeneutic system runs out of rope. It is really just an infinite vacuum. Even the most [[Mediocre lawyer|assiduous haggler]] must at some stage just wave away the dealer polls, arbitration protocols, mutually appointed experts and give up.