83,523
edits
Template:M summ 2002 ISDA 5(b)(v): Difference between revisions
Jump to navigation
Jump to search
→Hedge funds and CEUM
Amwelladmin (talk | contribs) (Created page with "Pay attention to the interplay between this section and Section {{isdaprov|7(a)}} ({{isdaprov|Transfer}}). You should not need to amend Section {{isdaprov|7(a)}} (for example...") |
Amwelladmin (talk | contribs) |
||
| Line 3: | Line 3: | ||
Note also the interrelationship between [[CEUM]] and a {{isdaprov|Ratings Downgrade}} {{isdaprov|ATE}}, should there be one. One can be forgiven for feeling a little ambivalent about {{isdaprov|CEUM}} because it is either caught by {{isdaprov|Ratings Downgrade}} or, if there is no requirement for a general {{isdaprov|Ratings Downgrade}}, insisting on {{isdaprov|CEUM}} seems a bit arbitrary (i.e. why do you care about a downgrade ''as a result of a merger'', but not any ''other'' ratings downgrade?) | Note also the interrelationship between [[CEUM]] and a {{isdaprov|Ratings Downgrade}} {{isdaprov|ATE}}, should there be one. One can be forgiven for feeling a little ambivalent about {{isdaprov|CEUM}} because it is either caught by {{isdaprov|Ratings Downgrade}} or, if there is no requirement for a general {{isdaprov|Ratings Downgrade}}, insisting on {{isdaprov|CEUM}} seems a bit arbitrary (i.e. why do you care about a downgrade ''as a result of a merger'', but not any ''other'' ratings downgrade?) | ||
'''Hedge funds and CEUM''': Really, we are a [[hedge fund]], we’re not rated, we’re not going to be and we’re hardly going to merge, are we? and even if we did we wouldn’t do it in a way that disadvantaged existing investors. So must we really have a [[CEUM]]? We really must<ref>We really need not.</ref>, lest [[Chicken Licken|the sky fall in on our heads]]. For it is written: it is the [[credit officer’s refrain]]. Look at it from the other end of the barrel: since you are definitely not going to merge, why bother dying in a ditch about a clause that might penalise you if you did? I know, I know — it is stupid, but there is a hell of a lot of stupid out there. Pick your battles. | |||
Really, we are a [[hedge fund]], we’re not rated, we’re not going to be and we’re hardly going to merge, are we? and even if we did we wouldn’t do it in a way that disadvantaged existing investors. So must we really have a [[CEUM]]? We really must<ref>We really need not.</ref>, lest [[Chicken Licken|the sky fall in on our heads]]. For it is written: it is the [[credit officer’s refrain]]. | |||