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{{a|eqderiv|[[File:Hindenburg.jpg|450px|thumb|center|the [[2011 ISDA Equity Derivatives Definitions]] at their launch in June 2011. As far as anyone knows, they're still there.]]}}Ah, the ill fated [[2011 ISDA Equity Derivatives Definitions]]. It seemed such a good idea. So advanced. So high-tech, incorporating the very latest [[mark-up language]] — the much vaunted [[Financial products Markup Language]]. There are [[Linklaters]] lawyers alive today — alive, though ''changed'' — who have not yet refilled the existential void hollowed out from their souls by the years lost to converting all that ludicrous text into [[FpML]]. | {{a|eqderiv|[[File:Hindenburg.jpg|450px|thumb|center|the [[2011 ISDA Equity Derivatives Definitions]] at their launch in June 2011. As far as anyone knows, they're still there.]]}}Ah, the ill fated [[2011 ISDA Equity Derivatives Definitions]]. It seemed such a good idea. So advanced. So high-tech, incorporating the very latest [[mark-up language]] — the much vaunted [[Financial products Markup Language]]. There are [[Linklaters]] lawyers alive today — alive, though ''changed'' — who have not yet refilled the existential void hollowed out from their souls by the years lost to converting all that ludicrous text into [[FpML]]. | ||
It’s been eight years, and no-one’s using ’em. | It’s been eight years, and no-one’s using ’em. Not a single soul. | ||
Yet, like one of those millennial cults which predicted the end of the world in June 2010, woke up with a surprise on the first of July, did a double take, scratched its head, and said “well it ''is'' coming, just not today”. [[ISDA]], who manages the standard, is still confidently predicting that “all categories of [[Over-the-counter|privately negotiated derivatives]] will eventually be included within the standard”. | |||
In [[the long run]], maybe.<ref>“But this [[the long run|long run]] is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.” — {{author|John Maynard Keynes}}, ''A Tract on Monetary Reform'' (1923).</ref> | |||
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*[[Equity derivative]]s | *[[Equity derivative]]s | ||
*[[2008 ISDA Master Agreement]] | *[[2008 ISDA Master Agreement]] | ||
{{ref}} |