SIV Endgame: An Opco Boone Adventure: Difference between revisions

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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.  
{{a|opcobooneadventure|{{image|SIV|png|}}}}===Synopsis===
MCA drops remaining irregulars unit on the beach at Cayman brac. The mission is to liberate is a detachment of SICAVs help captive by enemy stocklending counterparts who are using it as a cheap source of sales credits.
===Prologue===
“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 ===
=== 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.   
Group Captain David Bundie set his jaw. He scanned the ragged remnants of his company, lined up on a pew and hooked into the [[static margin]] line. Of the original 60, seven soldiers remained.   


The [[MCA]] transporter was an antique Spartan crate. It rattled and droned and swept low across the water.  
The old [[MCA]] transporter was a Spartan crate. It rattled and droned and swept low across the water.  


“Okay, lads, this is it. Anyone who wants can stay aboard —”
The combatant units around the Cayman theatre were battle-hardened [[Limited liability company|LLC]]<nowiki/>s. They went right down the capital structure. Bundie mandated prep for [[Equity securities|stocks]]. Shoulder-mounted [[Master Securities Lending Agreement|Mizzlers]] and, in case of [[Agent lender|ALD]] cointel interference, a brace of bump-stock [[Pledge GMSLA|pledge model]]s. To handle [[synthetic equity swap|synthetic]] light arms, they packed with late-model [[2002 ISDA Master Agreement|ISDA]]<nowiki/>s retrofitted with [[dynamic margin]] [[CSA]]s.  


The men, barked, “Sir! No, Sir!” in staccato unison. They numbered off by instinct. Of the original company of 60, nine remained.  
And then there was Frenchie. He had an assortment of exotic continental fire-irons: an antique [[FBF]] side-loader, a vol-insulated CMOF and his trusty [[OSLA Anatomy|Osler]] if they really got in a jam.  


“THREE!”
Bundie addressed the line. “Okay, lads, this is it. Anyone who wants can stay —”


“SEVEN!”
They didn’t let him finish. They barked, “Sir! No, Sir!” in staccato unison. 


“EIGHT!
They wouldn’t have it any other way: it was written in their eyes: it flowed wordlessly between them. They functioned like a single organism. Bundie looked down, shut his eyes and smiled. “All right, my lovelies, all right.”  


“TWELVE!”
The [[Confirmation - ISDA Provision|confirm]] squawked. The [[Close-out netting|netting flag]] flashed steady green.


“TWENTY-FIVE!”
“All right, lads, we’re over the target trade date. Let’s rock this”


“THIRTY-ONE!”
They set their [[IM]] dials to 20, shuffled along the cargo deck and numbered off as they dropped out of the [[Master Confirmation Agreement|MCA]].


“THIRTY-NINE!
Bundie said, “THREE.


“FORTY-SIX!
Biff said, “SEVEN.


“FIFTY-ONE!
[[General counsel|Chip]] said, “EIGHT.


“SIXTY!”  
Swart said, “TWENTY-FIVE.


They wouldn’t have it any other way: it was written in their eyes: it flowed wordlessly between them, when he met their collective gaze. They functioned like a single organism.  
Tucker said, “THIRTY-ONE.


Bundie looked down, shut his eyes and smiled. “All right, my lovelies, all right.
The kid looked with the radio unit gulped. Just him and the Frenchman left.


The [[Confirmation - ISDA Provision|confirm]] horn squawked. The [[Close-out netting|netting flag]] flashed green. The nine extant irregulars dropped out of the [[Master Confirmation Agreement|MCA]]. They set their [[correlation]] dials to 1.0 and went in [[delta-one]] configuration. They formed a tight landing pattern on the beach.  
Frenchie grinned. “''Allez, garçon''.


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.
The kid dithered.


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.
“Nervous?”


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 kid nodded.
 
“First time?”
 
The kid scowled. “I’ve been nervous plenty of times.” He bolted, hollering, “THIRTY-NINE.”
 
Frenchie slapped the tin, yelled, “SOIXANTE-NEUF” and fell away towards the roiling combat theatre. The [[Master Confirmation Agreement|MCA]] clambered into the sky.
 
The lads fell through anti-avoidance flak and swingeing searchlights Their chutes bloomed with collateral as they struck their margin thresholds. They floated down in a tight pattern onto the beach.
 
The kid with the radio unit hit the deck first. Frenchie was last: with five feet to go he snapped-off a salute and pulled a [[three-point hero drop]] in the high-tide flotsam.
 
[[Rehypothecation|Rehypothecator]] choppers hung low: they made a devilish din, rucked up the tree-top foliage and drew attention from the unit. The boys yukked it up, packed up their ATEs and hit the tree-line.


=== On-field briefing and the Liquidator ===
=== 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.
The unit formed up under the trees.   


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.”
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.   
Tucker chomped on his cheroot. He split a toothy grin and patted his barrel. It was one ungainly bastard. It had some universal dock on the magazine.   
 
The comlink chattered. It was [[Cassandra Lieberman|Cassie Lieberman]] from the Risk Office. “Heads up, fellas: we are reading thin-cap [[espievie]] operatives in the area. Aural vector says they are headed your way. Margin up, people.”


“Ain’t no pissant [[Repackaging vehicle|LRV]] going get in the way of ''this'' honey. I call it the ''Liquidator.''”  
“Ain’t no pissant [[Repackaging vehicle|LRV]] going get in the way of ''this'' honey. I call it the ''Liquidator.''”  


It was one ungainly bastard. It had some universal dock on the magazine.
“What the hell is ''that'', Tucks?” said Frenchie. “Did you make eet at ’ome?”  
 
“What the hell is ''that'', Tucks?” Frenchie chuckled. “Home-made?”
 
Tucker shrugged. “It’s a [[Prime brokerage agreement|P.B.A.]] It’s got ''herbs'', my dudes. Multi-calibre. Universal [[master netting agreement|netter]].”
 
“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 —”  
Tucker shrugged. “It’s a [[Prime brokerage agreement|P.B.A.]] It’s got ''herbs'', my dudes. Multi-calibre. Universal [[master netting agreement|netter]]. It’s got stocks, recalls, [[dynamic margin|telescopic margin]] lending, [[Initial margin|I.M. recalibration]] real time. I had it built to custom spec in the [[Linklaters|Links]] chop shop.” He handed it to Chippy. “Have a go at this baby —”


He handed it to Chippy. Chippy waved it about.  
Chippy waved it about.  


Tucker ducked and swayed. “Whoa, man, Just point that bad boy the fuck away from ''me''.”  
Tucker ducked and swayed. “Whoa, man, Just point that bad boy the fuck away from ''me''.”  
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The air boiled. The boys hit the deck. There was an unholy blam and a wolf of blue flame. Chippy flew ten feet back and landed in a heap. Tucker flapped smoke away and spluttered.  
The air boiled. The boys hit the deck. There was an unholy blam and a wolf of blue flame. Chippy flew ten feet back and landed in a heap. Tucker flapped smoke away and spluttered.  


“''Jesus''.
“''Jesus!''”


Eighty feet hence, the charred stump of a beach palm smouldered. Forty feet beyond that, what was left of the rest of it crackled and smoked on the sand. A cloud mushroomed above the clearing.  
Eighty feet hence, the charred stump of a beach palm smouldered. Forty feet beyond that, what was left of palm of it crackled and smoked on the sand. A cloud mushroomed above the clearing.  


Frenchie chuckled. Biff whistled. Chippy was out cold.
Frenchie chuckled. Biff whistled.


Tucker grinned, slapped Chippy’s chops and brought his buddy back topside.
Chippy was out cold.
 
Tucker grinned, slapped Chippy’s chops and brought his buddy back up topside.


“You like? Huh?”
“You like? Huh?”
Chippy, prone, moaned. The black mushroom woofed 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 SIV advance ===
=== 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!”
On cue, beyond the dunes: a low, mechanical clanking. It sounded heavy. Relentless. ''Huge''. It sounded like a max-vol slice of hell.
 
“We have ears on it, Cass.”
 
The clanking ramped up.
 
Chippy, still prone, groaned.


The boys shucked their MSLAs and formed a circle round Chippy. He came around slow. Tucker face-dashed him from a canteen. Chippy moaned.  
“What ze hell is ''zat''?” said Frenchie.


Bundie held up a paw. “O.K., this is [[Top urgent]] now, boys. Hostiles are imminent.
“Oh, ''great''. They’re on to us.” Bundie re-glared at Tucker. Tucker shrugged.


Beyond the dunes: a low mechanical clanking.  
Bundie held up a paw. “O.K., this is [[top urgent]] now, boys. Hostiles are imminent.”


“What ze hell is ''zat''?” said Frenchie.  
The unit shucked their [[Master Securities Lending Agreement|MSLAs]] and formed a circle round Chippy. He came around ''slow''. Tucker face-dashed him from a canteen. He moaned. 


It sounded heavy. It sounded relentless. It sounded ''huge''. It sounded like a max-vol slice of hell.  
Bundie said, “We got an I.D. on the SICAV yet, kiddo?”


Something in the aural vectors said it was headed their way.
The radio operator was a kid of barely eighteen. He ran a [[redline]]. “A ... a ... rel ... reloadable [[MTN]] c ... c ... configuration of s ... some sort, sir. P ... p ... programmable, most likely.”


“Oh, fucking ''great''. They’re on to us.” Bundie re-glared at Tucker.
“Thank-you, Lance-Corporal.”


“We got an ID yet, kiddo?”
“And sir?”


The radio operator was barely eighteen. He ran a [[redline]]. “A reloadable [[MTN]] configuration of some sort, sir. Programmable, most likely.
“Yes, Lance-Corporal?


Frenchie let out a low whistle. Bundie swept up the map. “Thank-you, Lance-Corporal. C’mon, fellows — we need to move off the beach, lads, and fast.”
We ... we ... we are detecting background heat signature of —


They got no further. The armoured turret of a huge MOU smashed through the pines.  
The lad stopped.


“Jesus. [[SIV]]s!
“Of? Well, come on: spit it out, lad.”


Swart ''whoooed''. She shucked her [[CSA]] and reloaded.
“A [[Family office|GFO]].


Biffer yeehaared.  
Frenchie let out a low whistle. “Une ''bureau-famille''? In Cayman? ’E is a long way from ’ome, ''avec certitude''.”


Tucker blammed out out some shells from the Liquidator. It disoriented the advancing machines and threw a curtain of indeterminacy around the theatre. The [[SIV]]s kept coming.
The clanking got real.


Frenchie flip-cocked his piece and hollered, “feeding time at ze zoo, ''mon cher''.”  
Bundie swept up the map. “We need to move off the beach, lads. And ''fast''.”


Bundie sniffed the air. “Something’s — not — ''right''. They’re — it’s just — ”
====SICAVs?====
The unit fanned. An [[Memorandum of understanding|MOU]] a ''big'' bastard — smashed through the pines. Its armoured turret swivelled and lined them up.  


But the boys weren’t listening. They smelled a firefight. They fanned out and pressed, intent on filling their boots.  
“Jesus. [[SICAV]]! ''Split''!”


Tucker and Frenchie went left. Biffer went right. Swart kicked off her vol damper and went charging in on foot with a sawn-off repo.  
The unit spritzed. Swart ''whoooed''. She shucked her [[CSA]] and reloaded.


Bundie stood motionless in the clearing. Adrenalin flooded his core. “Something’s not right, lads,” he screamed.  
Biffer yeehaared. He banged in a clip of [[Credit-linked note|self-referencing CLNs]].


But the unit kept advancing.  
Tucker blammed out some shells from the Liquidator. He had a mind to disorient the advancing vehicle and throw an indeterminacy curtain around the theatre. But the [[SICAV]] kept coming.


Only the Lance-Corporal even heard him. The boy stayed close. He mussed the lad’s hair. “Stay frosty, son — this is going to get sticky. But be prepared to move fast. You may have to make some calls. I’ve your back, lad.”
Frenchie flip-cocked his piece and hollered, “Oh-ho-ho, c’est la feeding time at ze zoo, ''mon cher''.”  


The boy regarded him with a steeliness that took him aback. “But who’s got yours, sir?
“''Wait''.” Bundie sniffed the air. “Something’s — not — ''right''. They’re — it’s just —


Bundie pressed a weapon into the boy’s hand. It was a late model [[ISDA Master Agreement|ISDA]]. The boy gaped.
But the boys didn’t wait. They weren’t listening. They smelled a firefight. They struck positions and pressed. In a co-ordinated sequence, they drew their [[ISDA Master Agreement|ISDAs]] and banged in margin clips.
 
Tucker and Frenchie went left. Biffer went right. Swart flicked off her vol damper and went charging in on foot with a sawn-off [[GMRA Anatomy|repo]].
 
Bundie stood motionless in the clearing. Adrenalin flooded his core. “Something’s not right, lads,” he muttered, but the boys were in the theatre and nothing he could do could change the course of conflict now.
 
The unit kept advancing.
 
Only the Lance-Corporal even heard him. The boy stayed close. “What do you think it is, sir?”
 
Bundie mussed the lad’s hair. “I dunno, son, but stay frosty — this is going to get sticky. Be prepared to move fast on my command. You may have to make some calls.
 
The boy regarded him with a steeliness that took him aback.
 
“I’ve your back, lad.”
 
“I know, sir. But who’s got yours?”
 
Bundie smiled at the impertinence. This was what he wanted in his unit. ''Spunk''. He pressed a weapon into the boy’s hand: a late-model [[ISDA Master Agreement|ISDA]]. The boy gaped.


“''You'' do, son. We stand, or fall, together.”  
“''You'' do, son. We stand, or fall, together.”  


The boy nodded.
The boy nodded. Again, with the steely stare.
 
At that moment the [[SICAV]]’s giant conduit tracks started rotating forward.
 
Biff called it: “Stand by: SICAV rolling.”


At that moment the [[SIV]]’s massive conduit tracks started ''rolling''.  
The issue/redemption protocols coughed into life with a belch of diesel.


“Stand by: Incoming.
Frenchie yipped and cocked his F.B.F.


Frenchie yipped. “Oh, come on, ''cherie'' — we ’ave a little fun, ''n’est-ce pas''? —”
Bundie barked, “hold it, Frenchie.
 
“Oh, come on, ''cherie'' — we must ’ave a little fun, ''n’est-ce pas''? —”


Bundie shook his head. “Let’s hit the trees, boys.”  
Bundie shook his head. “Let’s hit the trees, boys.”  


What happened next would be with him for the rest of his life — a period far longer than, as he watched the disaster unfold, he held any hope of expecting to see.  
Lance Corporal checked his DV and muttered co-ordinates into his comlink. What happened next would be with the boy for the rest of his life — a period which turned out to be longer than, as he watched the disaster unfold, he held any hope of expecting to see. The caterpillars ate up the sand.
 
A SICAV should be no match for an experienced unit of seasoned killers like the Irregulars. [[SICAV]]s had mucho grunt on the flat and toted decent firepower — you couldn’t be casual with them at close quarters — but against anyone who knew what they was doing, they were easy pickings. They were unwieldy, slow, generally only adept at passive and retail conflict: ''limited'' downside protection against liquidity drains, underpowered in choppy markets — basically under-gunned. As such, they tended to be detailed with greenhorn sappers a fighting force could afford to lose.
 
But ''this'' SICAV was odd. Bundie watched it from his foxhole: it was nimble, [[agile]], quick. The crew was more capable than your average UCITS infrantry unit: less predictable in their defensive manoeuvres. And the vehicle had a dramatically truncated reporting and compliance harness. The depo — there ''was'' no goddamn depo.
 
And Bundie realised as it thundered across the sand, this thing was ''fast''. Way too fast for an ordinary UCITS unit.
 
=== That’s no moon ===
The SICAV reoriented and rolled at Bundies’ exact position. It came steaming straight at him.
 
The RO comlink crackled. ''Heads up boss, you got company.'' 
 
“I copy, Cassie”.
 
“Shorts are starting to gett crowded, Bundie. Your team got the safeties off?”
 
Bundie hiffed in a percussive [[QIB]]. It blapped spectacular. It threw up dirt and sand and left a decent ditch. The SIV stopped on a dime. It backed up. Its front turret swivelled round and regarded the crater. A fire hose extended. and filled it with water. The SIV rolled over it.
 
“Holy hell,” muttered Tucker. “Self-sourcing [[liquidity]]. That's pretty cool.”
 
Bundie thought, ''that's more than “cool”. That’s ''unbelievable''. Where the hell is it sourcing that cash?'' Then Bundie knew it: ''this was no ordinary [[SICAV]]''.
 
Chip said, “Throw in another. They have limited reserves. They can’t do that indefinitely.”
 
“Wait — ” Bundie muttered.
 
But Tucker was fast. He bit off the pin and tossed in another [[QIB]]. “Roll ''this'', Fatboy,”
 
The QIB flew. The [[SIV]] retooled. It snapped back it hose and cracked an ack-ack out of the turret. It ''shot the [[QIB]] out of the air''.
 
It fizzed and spun and molten glassed the sand.
 
''Scheisse.'' How the hell was it doing ''that''? It was gaming out scenarios and learning the Irregulars manoeuvres as fast as they could change them up.
 
The rear gunner popped the turret. Bundie clocked his uniform insignia — ''that’s three-star MD at the mandate and a EVP on the confirmator''. And they were tooled the fuck up: these were not standard issue CP-shooters.
 
The [[Structured investment vehicle|SIV]] anticipated his every move. It was like it had a direct line into his goddamn amygdala.
 
Mean while the boys had surrounded it. Chipper was engaged in a repo firefight with its debt warehouse. He was levering up.
 
Swart was banging out some semi automatic synthetic longs on an HFT modified ISDA. Swart’s piece was margin cooled, but the Swartster liked the touch of warmth in the barrel so she habitually set it to static. The [[SIV]] started drawing margin.
 
“All right, you’re asking for it!” Swart was well stocked and let it rip.
 
The [[SIV]] hoovered up the cash and doubled down. “This one’s frisky, Skip,” he yelled. His spirits were high. This was what he signed on for. Bundie allowed himself a smile at his old pal’s energy. But as suddenly as it spread, that smile froze.
 
“All right, friend, you want liquidity? Have some goddamn liquidity.” Tucker loaded up a fresh magazine of long-dated IRS and shouldered the [[PBA]]. He flipped the safety on the NAV trigger.
 
“Tucker! No!”
 
Time slowed. Tucker tilted his head, regarded his commander and winked. Bundie could see his words fighting through the dense atmosphere, wrestling with the cordite and flying clods and sandspritzes. It never made it. It was as if the universe contrived to wrangle disaster where there might be triumph. Should be ''triumph''.
 
Bundie bellowed, “Dive!”
 
The lad said, “What?”
 
“Take cover!”
 
Bundie grabbed the lad by his collar and thrust him violently into the base of the cavity formed by the uprooted smoking stump of the palm tree. “Hey!” he squeaked. He cracked his head and woozed.
 
There was a moment of clarity. A sparkular gleam, refracting a rainbow of hope, then a subsonic dropout as Tucker squeezed. A white hot beam of dynamic IM spewed from that magnificent weapon. The arcing white light of a 6(a) notice lit the sky. It hit the SIV’s main margin tank and blew a great hole in it. The liquidity exploded, fanning great arcing sparks of white hot glitter into the sky. They hovered for a moment, congealed into balls of liquid lightening, then zapped out, like targeted missiles, straight at the other irregulars: first Swart, then Chipper, then Tucker, then Frenchie then the squibs whipsawed at Bundie’s tree trunk, slashing here, snapping there as if feeling for Bundie and his ISDA.
 
Each of the soldiers was transfixed. The glow enveloped them, enfolding them it spinning, misting galaxies of stars.
 
The boys relaxed and smiled, and beatific glee radiated from them.
 
Risk control buzzed in on the static. “Irregular unit 5 we are seeing elevated levels of concentration in your sector. Consider margin adjustments. Acknowledge please.
 
Bundie said, “copy.”.
 
Frenchie said, “copy.”
 
Swart said, “copy.”
 
Tucker said, “copy.”
 
Doughnut from Chipper.
 
Risk control again: “Chipper. Do you copy?
 
Chipper moaned with delight. “I feel... ''Awesome''!”
 
Tucker quipped: “We’ll, ahh, take that as a ''yes'', then?”
 
The boys yukked on the com channel. Bundie snapped them off. “Officer Chipstowe, do you copy?”
 
“Feel that ''power'',” murmured Swart. She banged in another clip of self-referencers and let the SIV have it. The thick cable of energy connecting her weapon to the whole ''fattened''.
 
''The SIV was somehow drawing power from their weapons''.
 
Bundie threw his back against the trunk. The lads — battle seasoned warriors all — were slowly losing contact with their grounding, floating free of their stoplosses, risk control parameters and even trading mandates, their figures shimmering, resolutions pixelating, their guttural moans of pleasure now twisted and contorted as if being strained through a different kind of spacetime geometry.
 
They beheld their weapons in blissed-out curiosity, entranced by the St Vitus dance in which they were now undoubtedly part, blamming away wilfully, while the margin cash flew out of their ammo tanks.
 
Bundie knitted his brow. Somehow, the SIV had reversed the usual flow of energy and was drawing pools of liquidity, great firehoses if the stuff, into the siv.
 
What a it doing? Why?
 
It got weirder. As fast as the boys could loose off IM rounds, VM rounds were coming back. Swart goosed his stressed day scenario to compensate but he could barely hold it level.
 
Chipper was wailing. “Im stuck on static,sir!I ... I  ... I’m getting eroded. He's draining me!
 
Stop out, Chipper.
 
“What? No need! It’s fine, man!  Look at this handsome beast! Its Sharpe ratio is off the scale man, ahahah!”
 
Chipper was gone.
 
Swart, close out. At the double!
 
“I ... I ... I can't, sir. There is no bid. I repeat, there is no bid!
 
There must be a market! I repeat stopout!
 
“There is no bid. The market is dead sir. But I can ride this out. Let me inject just ... A ... Little .... More”
 
“Officer Swart, stop out!”
 
But Swart, too, was gone; collapsed in paroxysms of maniaca,l howling laughter. He floated up into the golden cloud while a concentrated beam of pure VM issued out of his weapon, all the while his image diffused into slowly scattering points of golden light.
 
Frenchie stood staring, in puzzlement, at this odd spectacle, a writhing tongue of lightning gripping on to his master. Frenchie has not seen it, but the levels in his cash tank were dropping like a stone.
 
Then Bundie clocked it. A dim golden miasma was beginning to surround Frenchie too.
 
“Frenchie! Cut your losses! Shut them down!”


SIVs had grunt in the flat. They toted decent firepower — you couldn’t be casual with them — but they were unwieldy bastards. They had limited downside protection against liquidity drains, were underpowered in choppy markets, and basically under-gunned. Against and anyone who knew what it was doing they were easy pickings. They should be no match for an experienced unit of seasoned killers like the Irregulars.
“Shut what down?”


As such, tended to be staffed with greenhorn sappers an army could afford to lose. The industry slang for the poor suckers aboard a SIV were “expendables”.
“The positions! Cut your positions! Cut them all! There is no time to lose!”


Bundie surveyed the theatre from his foxhole. He knew at once: ''these were no ordinary SIVs''.  
Frenchie shrugged. “Eh, bien, it’s okay, Mon Cher, I ’ave beaucoup margin.


They were more manoeuvrable: more agile, quicker; more ''volatile'', less predictable in their defensive manoeuvres.
“No, you don't! ''Look''!” Bundie punter to the track strapped to his old pal’s utility belt.


They gamed out scenarios and learned the Irregulars manoeuvres as fast as they could change them up. Bundie clocked the insignia on the uniform — ''that’s three-star MD at the mandate and a EVP on the confirmator''. And they were tooled the fuck up: these were not standard issue C-peashooters
Frenchie glanced down and double took. “Sacre bleu!”


The boys quickly p.  
He hollered at Frenchie.
but they knocked out his ISDAs. The [[Present value|PV]] boiled into the atmosphere.  


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.
=== Separation ===
The SIV ran a defensive line between Bundy and his men.  


“Fuck,” he said.  
“Fuck,” he said.  


He was left defending the back-end with a repurposed 85 OSLA and a left—handed FBF.   
He was left defending the back-end with a repurposed ’85 [[OSLA]] and a left-handed [[FBF]].   


Frenchy loved it: he dug that gallic style. Tucker less so: he didn’t read foreign lingos and couldn’t abide garlic.  
Frenchie loved it: he dug that Gallic style. Tucker less so: he didn’t read foreign lingos and couldn’t abide garlic.  


“Are you fucking kidding me?” He cursed at the F.B.F., though Bundie had clocked it and already figured it for a sweet shooting iron.  
“Are you fucking kidding me?” He cursed at the FBF, though Bundie had clocked it and already figured it for a sweet shooting iron.  


“How am I meant to use this piece of shit? The instructions are all in French!”
“How am I meant to use this piece of shit? The instructions are all in French!”
Line 174: Line 349:
“If you want to see your sweetheart again, sure.”   
“If you want to see your sweetheart again, sure.”   


Tucker got the point and lit up and lit up a VWAP. It burned with a magnesium flare.  
Tucker got the point and lit up and lit up a [[VWAP]]. It burned with a magnesium flare.  


The SIV advanced. It took out Tucker with a self-referencer. Tucker squealed bad. It was unbecoming but it fit the pattern.  
The SIV advanced. It took out Tucker with a self-referencer. Tucker squealed bad. It was unbecoming but it fit the pattern.  
Line 180: Line 355:
The SIV kept coming.  
The SIV kept coming.  


Bundie tried to close it out. He flipped a downgrade trigger on a DRV: nothing. Hey called key man — homme clef — on the FBF. It misfired.  
Bundie tried to close it out. He flipped a downgrade trigger on a DRV: nothing. Hey called key man — ''homme clef'' — on the [[FBF]]. It misfired.  


The SIV rolled closer.  
The SIV rolled closer.  


Bundie jammed a second-to-default EM sovereign basket into the magazine of the only piece he had to hand — a rusty old semi automatic EMTA — and lit up the theatre. It flamed into life.  
Bundie jammed a second-to-default EM sovereign basket into the magazine of the only piece he had to hand — a rusty old semi-automatic EMTA — and lit up the theatre. It flamed into life.  


It was dirty, noisy and hot — he shucked out burnt up RWAs and kept reloading — and at last it holed the SIV. The sic stumbled. Its runners uncoiled and it stoved into the sand on one knee. It was crippled but still shooting — eventually it crapped out but not before it had annihilated three quarters of Bundie’s unit.  
It was dirty, noisy and hot — he shucked out burnt up [[Risk-weighted assets|RWA]]s and kept reloading — and at last it holed the [[Structured investment vehicle|SIV]]. It stumbled. Its rollers uncoiled and it stoved into the sand on one knee. It was crippled but still shooting — eventually it crapped out but not before it had annihilated three quarters of Bundie’s unit.


Tucker was already goneski. Chipper was dead. Biffer was in a bad way. Blood gouted from his mouth. He wouldn’t last long.  
Tucker was already goneski. Chipper was dead. Biffer was in a bad way. Blood gouted from his mouth. He wouldn’t last long.  
Line 260: Line 435:


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.
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.
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