Counterparts and Confirmations - ISDA Provision: Difference between revisions

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Counterparts and Confirmations - ISDA Provision (view source)

Revision as of 10:22, 17 June 2019

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{{isdaanat|9(e)}}
{{isdaanat|9(e)}}
===Section {{isdaprov|9(e)(ii)}} {{isdaprov|Confirmation}}s''' ===
===Section {{isdaprov|9(e)(ii)}} {{isdaprov|Confirmation}}s''' ===
If a swap trader agrees one thing, and the {{isdaprov|Confirmation}} the parties subsequently sign says another, which gives? A 15 second dealing-floor exchange on a crackly taped line, or the carefully-wrought ten page, counterpart-executed legal {{isdaprov|Confirmation}} that follows it?
 
{{trade versus confirmation}}
{{trade versus confirmation}}


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