Composition of Combined Consideration - Equity Derivatives Provision: Difference between revisions

Composition of Combined Consideration - Equity Derivatives Provision (view source)

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-{{eqderivanat|12.5}}
+{{manual|DEQ|2002|12.5|Section||medium}}
-The pedantrous may ask to remove references to the {{eqderivprov|Calculation Agent}}’s [[Sole and absolute discretion|sole discretion]]. Get your kicks — it’s doubtful that makes any difference: making a determination without specifically saying how you should do it implies you’ll make it up on the fly. What is your counter argument, when the calculation makes a determination you don’t like, meant to be.
-“Oh! you used your discretion! you were supposed to ask me!” <br>
-“No I wasn’t.” <br>
-“Oh, yes you were!” <br>
-“Where does it say that?”<br>
-Here follows a large pause, wherein negotiator realises that removing the words “, in its sole discretion,” doesn’t achieve anything.
-“... Well it doesn't say you ''weren’t'' meant to ask me ...” <br>
-You know where this is heading, don’t you. Come on: let's go there, for old time’s sake.
-“''Where''?” did I hear you say? I can scarce believe it.
-Oh come on, “where?” indeed. ''[[Video nasty|You know where]]''.
-{{sa}}
-*[[Discretion]]
-*[[Sole and absolute discretion]]