Template:M intro isda ISDA purpose: Difference between revisions

Through habit and inattention we work around the [[affordance]]s of our business. What starts as a practical shortcut — the shortest possible route to market — can, through acquiescent disregard become a sacred cow — a shibboleth — an ''obstacle'' on the road to transaction. So it is with the {{isdama}}. Once precisely an ''[[affordance]]'' —an artefact for quickly tidying up and dispensing with formalities it would be laborious to repeat for every trade — it became a mountain of its own. Sure, you only need to climb it, from the bottom, once, but it has become a three-month climb. And one does not scale an ISDA master agreement the way Alex Honnolt scales El Cap. There is the entire modernist machinery of the multi-national corporation campaign that you must take with you.