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Template:Isda 2(a)(iii) summ: Difference between revisions
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====The problem with bilateral agreements==== | ====The problem with bilateral agreements==== | ||
{{Quote| | {{Quote| | ||
{{Script|Triago}}: Forsooth: it wears the colours of a fight. <Br> | |||
A word-scape stain’d with tightly kernèd face<Br> | |||
And girded round with fontish weaponry.<Br> | |||
HERCULIO (inspecting the document): Verily, convenantry this dark<Br> | |||
Speaks of litiginous untrust.<Br> | |||
:—{{Otto}}, {{dsh}} | |||
}} | }} | ||
As we have remarked before, most financing contracts are decidedly one-sided. One party — the dealer, broker, bank: we lump these various financial service providers together as ''The Man'' — provides services, lends money, manufactures risk outcomes; the other — the customer — consumes them. | As we have remarked before, most financing contracts are decidedly one-sided. One party — the dealer, broker, bank: we lump these various financial service providers together as ''The Man'' — provides services, lends money, manufactures risk outcomes; the other — the customer — consumes them. | ||