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====Co-calculation Agent==== | ====Co-calculation Agent==== | ||
There’s an old saying: | |||
'' | ''A [[co-calculation agent]] is '''no''' [[calculation agent]].'' | ||
However superficially neat this might seem to the age-old dilemma of who should price the trade, it suffers in one important respect: unless the parties agree on the determination, the parties — er — ''won't'' agree on the determination. And then what do you do? | However superficially neat this might seem to the age-old dilemma of who should price the trade, it suffers in one important respect: unless the parties agree on the determination, the parties — er — ''won't'' agree on the determination. And then what do you do? | ||