2011 ISDA Equity Derivatives Definitions: Difference between revisions

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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]]. Also known as the “Hindenburg variations”<ref>For younger readers, the German passenger airship LZ 129 ''Hindenburg'' caught fire and was destroyed during its attempt to dock with its mooring mast at at the end of its maiden transatlantic voyage on May 6, 1937. The event shattered public confidence in giant, hot-air filled [[equity derivatives]] contracts, and marked the abrupt end of the inflatable swaps era. ''[Shouldn’t that be “inflation” swaps? — Ed.</ref> 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]]. Also known as the “Hindenburg variations”, after the dirigible hot-air derivatives disaster of 1937.<ref>For younger readers, the German passenger airship LZ 129 ''Hindenburg'' caught fire and was destroyed during its attempt to dock with its mooring mast at at the end of its maiden transatlantic voyage on May 6, 1937. The event shattered public confidence in giant, air-filled [[equity derivatives]] contracts, and marked the abrupt end of the inflatable swaps era. ''[Shouldn’t that be “inflation” swaps? — Ed.]''</ref> Oh, it ''seemed'' such a good idea. So advanced. Lighter than air swaps. 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 {{font colour|red|<strike>eight </strike>}}{{font colour|blue|<u>nine</u>}} years, and no-one’s using ’em. Not a single soul.  
It’s been {{font colour|red|<strike>eight </strike>}}{{font colour|blue|<u>nine</u>}} years, and no-one’s using ’em. Not a single soul.