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{{csaprov|Disputed Calculations or Valuations}} is a topic that could unfurl like the flower of a deadly insect-eating nightshade if you let it. DON’T LET IT. | {{csaprov|Disputed Calculations or Valuations}} is a topic that could unfurl like the flower of a deadly insect-eating nightshade if you let it. DON’T LET IT. | ||
{{fullanatopen|csa| | |||
{{csasnap|4(a)|1995}} | |||
}} | |||
The dispute can be as to one of two things: | The dispute can be as to one of two things: | ||
*The {{csaprov|Value}} of posted (or to-be-transferred) {{csaprov|Eligible Credit Support}}; or | *The {{csaprov|Value}} of posted (or to-be-transferred) {{csaprov|Eligible Credit Support}}; or | ||
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It may seem so, but in practice no. Firstly, the dispute mechanism in the CSA, while fulsome, reflects the uncynical attitude of yesteryear in its aspirations for what Third party {{isdaprov|Reference Market-Makers}} will be prepared to do to help a fellow market participant out. It depends on the better angels of a {{isdaprov|Reference Market-maker}}’s nature — neigh, ''four'' of the blighters — in providing firm quotations to be dissected, arithmetically averaged and arranged for the delight of all. But a moment’s reflection should tell you that a {{isdaprov|Reference Market-maker}} doesn’t ''have'' a better nature. Such a chap is certain not to provide a quote, which brings them no benefit (they can’t get a trade out of it). | It may seem so, but in practice no. Firstly, the dispute mechanism in the CSA, while fulsome, reflects the uncynical attitude of yesteryear in its aspirations for what Third party {{isdaprov|Reference Market-Makers}} will be prepared to do to help a fellow market participant out. It depends on the better angels of a {{isdaprov|Reference Market-maker}}’s nature — neigh, ''four'' of the blighters — in providing firm quotations to be dissected, arithmetically averaged and arranged for the delight of all. But a moment’s reflection should tell you that a {{isdaprov|Reference Market-maker}} doesn’t ''have'' a better nature. Such a chap is certain not to provide a quote, which brings them no benefit (they can’t get a trade out of it). | ||
''[to be continued]'' | ''[to be continued]'' | ||