Physically-settled - Equity Derivatives Provision
2002 ISDA Equity Derivatives Definitions
Section 1.39 in a Nutshell™
Full text of Section 1.39
Content and comparisons
Just a brief irked note to ask whether, without obviously mocking the entire process, one could have created a more tortured way of explaining that “physically-settled” means, you know, physically-settled?
Not only is was this poor semantic concept unfairly harassed by ISDA’s crack drafting squad™ as it went about its peaceable business, but it was then taken in to the cells and tortured, too. Mean.