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ISDA code project: Difference between revisions
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This is the [[JC]]’s running attempt to codify a well-known and much-loved master agreement — in this case the dear old {{2002ma}} into a set of formal logical propositions. The idea is to test the hunch that there are a limited number of basic legal propositions — we call them “[[standard proposition]]s” — that cover a great deal of the word count in your average legal document. Even though the ways, as a matter of syntax, of articulating those propositions may be infinite, they boil down to the same essential thing. | This is the [[JC]]’s running attempt to codify a well-known and much-loved master agreement — in this case the dear old {{2002ma}} into a set of formal logical propositions. The idea is to test the hunch that there are a limited number of basic legal propositions — we call them “[[standard proposition]]s” — that cover a great deal of the word count in your average legal document. Even though the ways, as a matter of syntax, of validly articulating those propositions may be infinite, they boil down to the same essential thing. So, for example, a definition has a “{{ob|term}}”, an “{{op|operator}}”, (which may be either “means” (exclusive) or “includes” (non-exclusive) and a “{{ob|definition}}”, and they all work the same way: [{{ob|MiFID}}] [{{op|means}}] [Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU]. | ||
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