Undead ISDA: Difference between revisions

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If no {{isdaprov|Transactions}} remain that one can [[close out]], what earthly concern is it, for either party, if notional non-payment obligations go unfulfilled? What kind of paranoid weirdo would take the point that one’s continuing [[covenant]]s — to [[Documents for Delivery - ISDA Provision|send annual reports within three months of their publication]], for good example — are being broken?<ref>Only a person yet to meet an [[internal audit]]or could ask that question.</ref> And what of those financial ''meta''-obligations? That two-edged {{isdaprov|Cross Default}} clause? ''Could it'' ... ?  
If no {{isdaprov|Transactions}} remain that one can [[close out]], what earthly concern is it, for either party, if notional non-payment obligations go unfulfilled? What kind of paranoid weirdo would take the point that one’s continuing [[covenant]]s — to [[Documents for Delivery - ISDA Provision|send annual reports within three months of their publication]], for good example — are being broken?<ref>Only a person yet to meet an [[internal audit]]or could ask that question.</ref> And what of those financial ''meta''-obligations? That two-edged {{isdaprov|Cross Default}} clause? ''Could it'' ... ?  


You may laugh, but note only this: they who so haughtily wave such trifles away yet still go quiet and dare not speak of the [[Dark Lord]].
You may laugh, but note only this: they who so haughtily wave such trifles away yet still go quiet and dare not speak of the [[Dark Lord of the Swaps]].


{{sa}}
{{sa}}

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