The Atlantis Variation: Difference between revisions

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{{a|myth|{{image|mezztranches|png|''I Watched Mezzanine Tranches Glitter In The Dark'', {{vsr|2009}}}}}}''The Atlantis Variation'' is a [[finance fiction]] novella by [[Vega|alpha-crazed]] beat poet [[Hunter Barkley]].
{{a|myth|{{image|mezztranches|png|''I Watched Mezzanine Tranches Glitter In The Dark'', {{vsr|2009}}}}}}''The Atlantis Variation'' is a [[finance fiction]] novella by [[Vega|alpha-crazed]] beat poet [[Hunter Barkley]].


Set in a fluctuating spacetime that [[waiver]]s crazily between the [[present]], [[future]] and [[past]] — Barkley went so far as to invent a whole new tense, the “plumperfect present”, to deal with events which, he said, could only be located probabilistically in [[spacetime]] — but orbiting around one queasy weekend in September 2008, {{br|The Atlantis  Variation}} concerns the machinations of a malign [[Clavam Hominum Senum Pallidorum|secret society of stuffy old men]] working in the bowels of the great institutions of their day, to produce the [[2008 ISDA Master Agreement]], known under its working title as the “Project Atlantis”.
Set in a fluctuating spacetime that [[waiver]]s crazily between the [[present]], [[future]] and [[past]] — Barkley went so far as to invent a whole new tense, the “plumperfect present”, to deal with events which, he said, could only be located probabilistically at a given point in time — but orbiting around one queasy weekend in September 2008, {{br|The Atlantis  Variation}} concerns the machinations of a malign secret [[Clavam Hominum Senum Pallidorum|secret society of stuffy old men]], working in the bowels of the great institutions of their day, on “Project Atlantis”, a plot to revolutionise the derivatives trading universe with a new master trading agreement, the [[2008 ISDA Master Agreement]], known therefore as the Atlantis Variation.


The Atlantis Variation was to be a definitive, final, [[flawed asset|flawless]]<ref>There was to be no Section {{isdaprov|2(a)(iii)}}</ref> apocalyptic edition of the {{isdama}} that was ''almost'' completed in 2008, only prevented by the intervening near total financial destruction of the planet. It never saw the light of day, instead collapsing into a form of dark tedium that continues to upset those who would seek to harness the power of the universe.
According to Barkley’s dystopian vision, the {{2008ma}} would be a definitive, final, [[flawed asset|flawless]]<ref>There was to be no Section {{isdaprov|2(a)(iii)}}</ref> self-aware edition of the {{isdama}}. Short, plainly worded, future-proofed and agile, it would allow counterparties to agree robust trading terms with little fuss and only the cursory clerical management delivered through unskilled personnel in low-cost jurisdictions and, eventually, [[chatbot]]s.  
 
According to Barkley’s dystopian vision, the {{2008ma}} was to be short, plainly worded, future-proofed and agile. It would allow counterparties to agree robust trading terms with little fuss and only the cursory clerical management delivered through unskilled personnel in low-cost jurisdictions and, eventually, [[chatbot]]s.  


It promised to be the long-lost missing [[Obsolescence|use-case]] for [[distributed ledger technology]], natively negotiated “[[Blockchain|on-chain]]” between arrays of dematerialised [[large language model]]s housed, for the sense of theatre, [[Proverbial school-leaver from Bucharest|in a single giant data centre in the outskirts of Bucharest]].
It promised to be the long-lost missing [[Obsolescence|use-case]] for [[distributed ledger technology]], natively negotiated “[[Blockchain|on-chain]]” between arrays of dematerialised [[large language model]]s housed, for the sense of theatre, [[Proverbial school-leaver from Bucharest|in a single giant data centre in the outskirts of Bucharest]].
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While they romped wealthily about their sun-drenched meadows, the ’08 would silently, effectively consolidate all documentation across a wide range of products and asset classes ([[including but not limited to]] [[repo]], [[stock lending]], [[prime brokerage]], [[exchange traded derivatives]], [[commodities]] and [[emissions]]), finally moving the financial world into a stable [[Utopia|utopian state]] in which all risks are known, all eventualities experienced and contingencies accounted for. ''[[Risk]]'' would finally be banished for ever.   
While they romped wealthily about their sun-drenched meadows, the ’08 would silently, effectively consolidate all documentation across a wide range of products and asset classes ([[including but not limited to]] [[repo]], [[stock lending]], [[prime brokerage]], [[exchange traded derivatives]], [[commodities]] and [[emissions]]), finally moving the financial world into a stable [[Utopia|utopian state]] in which all risks are known, all eventualities experienced and contingencies accounted for. ''[[Risk]]'' would finally be banished for ever.   


As it was, the challenge was just too big. As they dove feverishly into the weeds the project scope expanded — at first gradually; in the closing stages at breakneck pace — and in the final days — as per the warning of Pimco Van Der Sark, ex-NASA and now a lexophysical engineer at the University of [[Bretton Woods]] —   exceeded the [[Schwarzschild radius of document comprehension]] altogether. There was a sudden, catastrophic implosion, and everything associated with the project — all drafts, riders, boilerplate, annexes, schedules — and everyone — the firm {{ISDA}} engaged to hold the pen (a mysterious cyber law firm that spontaneously winked into existence when a document management system became self-aware)<ref>The firm, [[Tubb Fuller Breaden Potter Bacon]], (known in its marketing literature as [[TFBPB]]) has never been heard of since, and curiously, no record now exists of this firm before 2008, even though it was apparently a global behemoth.</ref> and several thousand members of ISDA’s document working group, seconded by their employers to contributing their “clarifications” and [[For the avoidance of doubt|doubt-avoidances]] for the greater good of the standard form, simply vanished into thin air.  
As it was, the challenge was just too big.  
 
As the project approached completion, in the autumn of 2008, events intervened. The near total financial destruction of the planet meant that Project Atlantis never saw the light of day.
 
As they dove feverishly into the weeds the project scope expanded — at first gradually; in the closing stages at breakneck pace — and in the final days — as per the warning of Pimco van der Sark, ex-NASA and now a lexophysical engineer at the University of [[Bretton Woods]] — exceeded the [[Schwarzschild radius of document comprehension]] altogether. There was a sudden, catastrophic implosion, and everything associated with the project — all drafts, riders, boilerplate, annexes, schedules — and everyone — the firm {{ISDA}} engaged to hold the pen (a mysterious cyber law firm that spontaneously winked into existence when a document management system became self-aware)<ref>The firm, [[Tubb Fuller Breaden Potter Bacon]], (known in its marketing literature as [[TFBPB]]) has never been heard of since, and curiously, no record now exists of this firm before 2008, even though it was apparently a global behemoth.</ref> and several thousand members of ISDA’s document working group, seconded by their employers to contributing their “clarifications” and [[For the avoidance of doubt|doubt-avoidances]] for the greater good of the standard form, simply vanished into thin air. It was subsequently proven by [[Pimco van der Sark|van der Sark]] (loosely based on real-life lexophysicist [[Havid Dilbert]]) that all this energy was not destroyed, but instead spewed out across a new in [[space-tedium]] dimension: a white hot radiation blast of financial regulation which engulfed the world.
 
 


All — the document, the personnel, the drafting miscellanea and terabytes of [[Tedium|tedia]] — are now lost to history. We now do not know what the agreement said, how it said it, or indeed whether the agreement really existed at all. And the chatbots —
All — the document, the personnel, the drafting miscellanea and terabytes of [[Tedium|tedia]] — are now lost to history. We now do not know what the agreement said, how it said it, or indeed whether the agreement really existed at all. And the chatbots —

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