SIV Endgame: An Opco Boone Adventure: Difference between revisions

SIV Endgame: An Opco Boone Adventure (view source)

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 {{a|opcobooneadventure|{{image|SIV|png|}}}}“When it came, the end-game came down fast and hard. It was in a skirmish with a rogue [[structured investment vehicle]] in the Caymans.
+=== Beach landing ===
 Group Captain David Bundie set his jaw. He scanned the ragged company, lined up on a pew and hooked into the static margin line.
@@ Line 37: / Line 38: @@
 Frenchie was oldest in the company. He came down last. He snapped-off his chute and pulled a [[three-point hero drop]] in the high-tide flotsam. The boys yukked it up and moved out.
 They were armed for [[Equity securities|stocks]]: their Cayman Corps adversaries were battle-hardened right down the capital structure: Bundie mandated shoulder-mounted [[Master Securities Lending Agreement|Mizzlers]] for all. In case of [[Agent lender|ALD]] cointel interference, they carried a brace of bump-stock [[Pledge GMSLA|pledge model]]s. For [[synthetic equity swap|synthetic]]<nowiki/>s cover, they backed it up with late-model [[2002 ISDA Master Agreement|ISDA]]<nowiki/>s retrofitted with [[dynamic margin]] [[CSA]]s.
 Frenchie, of course, had his usual assortment of exotic concoctions: an antique [[FBF]] side-arm, an old CMOF and his trusty [[OSLA Anatomy|Osler]] if they really got in a jam.
-The unit formed up under the trees. The choppers hung low. They made a din and rucked up the tree-top foliage. Bundie clamped a hand over his hat and bellowed over the racket: “This could get ''tasty'', lads. Hostiles in these parts are well-organised and well-armoured: [[limited recourse]] shielding fore and aft.”
+=== On-field briefing and the Liquidator ===
+The unit formed up under the trees. The choppers hung low: they made  devilish din and rucked up the tree-top foliage.
+Bundie clamped a hand over his hat and bellowed over the racket: “This could get ''tasty'', lads. Hostiles in these parts are well-organised and well-armoured: [[limited recourse]] shielding fore and aft.”
 Tucker chomped on his cheroot. He split a toothy grin and patted his barrel.
@@ Line 55: / Line 59: @@
 “BP? A Blue Peter job?” Chippy roared.
-“‘P. B.,’ As in ''Prime Breaker'', baby. I had it built to custom spec in the [[Linklaters|Links]] chop shop. It’s got stocks, recalls, [[dynamic margin|telescopic margin]] lending, [[Initial margin|I.M. recalibration]] real time. Have a go at this baby —”
+“P. B., As in ''Prime Breaker'', baby. I had it built to custom spec in the [[Linklaters|Links]] chop shop. It’s got stocks, recalls, [[dynamic margin|telescopic margin]] lending, [[Initial margin|I.M. recalibration]] real time. Have a go at this baby —”
 He handed it to Chippy. Chippy waved it about.
@@ Line 75: / Line 79: @@
 “You like? Huh?”
-The black mushroom wooded and dissipated. Bundie scrambled to his feet, glaring. “Jesus, Tucker! You’ll kill the lot of us! They’ll see that blast signal for miles around! +++[[Top urgent]], boys. Attack now imminent.”
+=== The SIV advance ===
+The black mushroom wooded and dissipated. Bundie scrambled to his feet, glaring. “Jesus, Tucker! You’ll kill the lot of us! They’ll see that blast signal for miles around!”
-The boys shucked their MSLAs and formed a circle round Chippy. He came round slow. Tucker face-dashed him from a canteen. Chippy moaned.
+The boys shucked their MSLAs and formed a circle round Chippy. He came around slow. Tucker face-dashed him from a canteen. Chippy moaned.
-Bundie held up a paw. “Shhh.”
+Bundie held up a paw. “O.K., this is [[Top urgent]] now, boys. Hostiles are imminent.”
 Beyond the dunes: a low mechanical clanking.
-“What ze hell is zat?” said Frenchie.
+“What ze hell is ''zat''?” said Frenchie.
 It sounded heavy. It sounded relentless. It sounded ''huge''. It sounded like a max-vol slice of hell.
@@ Line 151: / Line 156: @@
 The boys quickly p.
 The [[Structured investment vehicle|SIV]] anticipated his every move. It was like it had a direct line into his goddamn amygdala. He loaded up a fresh magazine of long-dated IRS, but they knocked out his ISDAs. The [[Present value|PV]]<nowiki/>s boiled into the atmosphere.
 “Fuck,” he said.
@@ Line 206: / Line 211: @@
 He shook his head. “There’s no bid, skips. You know it.”
-“No Frenchie. No. I don’t know it. I won’t hear of it —” but Bundie could feel it slipping away. He felt the air between them thicken in to a dull miasma, insensate, as if slipping under an anaesthetic. He shook his head mutely, his eyes welled, and he watched the scene at a remove, out of body, through a fogged lens.
+“No, Frenchie. ''No''. I don’t know it. I won’t hear of it —” but Bundie could feel it slipping away. He felt the air between them thicken in to a dull miasma, insensate, as if slipping under an anaesthetic. He shook his head mutely, his eyes welled, and he watched the scene at a remove, out of body, through a fogged lens.
 Frenchie He sat up weakly and regarded the smoking SIV. “They will be back soon. Don’t let them take me.”
@@ Line 230: / Line 235: @@
 The familiar crump of an expiring put option plouffed in the sand a few yards away.
-“They are coming. That one was out of range. The next will be — “
+“They are coming. That one was out of range. The next will be —”
-“no!”
-“Right in-the-money. Do it.”
-Another crump. It was closer. It showered the pals with sand.
+“No!”
-“Do it, boss.”
+“Right [[in-the-money]].” Another crump. It was closer. It showered the pals with sand. “Do it, David.”
-At that moment Bundie realised what he must do. He saw the beach, the battlefield, the theatre of conflict, the wider geopolitical situation of the world, in crystal clarity. He had a role. He had to carry on.
+Not once in their 14-year service history had his loyal deputy ever called him by his Christian name. Bundie realised what he must do. The beach, the battlefield, the theatre of conflict, the wider geopolitical situation of the world — all presented itself, as an interconnected whole, at once, in crystal clarity. He had a role. He had to carry on.
 Bundie swallowed and looked tenderly at his pal. “I’ll never forget you, Frenchie Saunders,” he said.
-Frenchie closed his eyes. “put me out of my pain boss,” he breathed. “this is — my prayer — for —”
+Frenchie closed his eyes. “Put me out of my pain, boss,” he breathed. “This is — my prayer — for —”
-Bundie said, “relief”. He cocked the old Stocklender. A quick static burst of cancellable terms yammered into his friend. Frenchie slumped.
+Bundie said, “Relief”. He cocked the old Stocklender. A quick static burst of cancellable terms yammered into his friend.
-A smile spread across his face. He looked at peace.
+Frenchie slumped. A smile spread across his face. He looked at peace.
-Another put crumped adjacent. Closer. Bundie crouched over his friend, sheltering his body from the showering terrain. He closed his pal’s eyes and commando-crept into the low brush off the beach.
+Another short-dated [[Put option|put]] crumped adjacent. ''Closer''. Bundie crouched over his friend, sheltering his body from the showering terrain. He closed his pal’s eyes and commando-crept into the low brush off the beach.
 A small unit of marine SIVs advanced up the beach.
-Bundie made the tree line and stopped. The OSLA!
+Bundie made the tree line and stopped. The ''[[1995 Overseas Securities Lender’s Agreement|OSLA]]''!
 He could see it, still clutched in Frenchie’s cold, dead fingers.
 History will record that the entire division of SIVs were wiped out later that day by a coordinated denial of service attack on its rear CP programme. When the relief forces combed the beach after the armistice they found no trace of either man, or the OSLA.