New pages

09:04, 19 April 2024 ‎Mean reversion (hist | edit) ‎[701 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|glossary|}}{{d|Mean reversion|/miːn rɪˈvɜːʃᵊn/|n|}} A financial assumption that an asset’s price will tend to converge to its average price over time, or the economic constraints over time that should, rationally control the price. So house prices and incomes should bear a constant relationship over time, and if house prices get out of whack, as they tend to do, the effect will be transitory.")
08:43, 19 April 2024 ‎Chez Guevara (hist | edit) ‎[974 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|myth|}}{{quote|A ten minute walk, and it appeared out of the haze. ''Chez Guevara'': the revolutionary cafe. She opened early, rain or shine. She was wiping glasses on the beachfront bar. He took a pew. She slapped a short black on the table. “Make it –” She dolloped it with ''rakija''. “I know, Boone-san, I know. ''Correto''.” “You treat me so bad.” “It’s what I do.” Sokitume dug her elbows on the bar. She lea...")
06:58, 14 April 2024 ‎Against Empathy (hist | edit) ‎[411 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|book review|{{image|Against Empathy|jpg|}}}}{{quote|But on the whole, it’s a poor moral guide. It grounds foolish judgements and often motivates indifference and cruelty. It can lead to irrational and unfair political decisions, it can corrode certain important relationships, such as between a doctor and a patient, and make us worse at being friends, parents, husbands, and wives.}} {{Sa}} *Empathy") Tags: Mobile edit Mobile web edit Advanced mobile edit
13:03, 13 April 2024 ‎Banter is good (hist | edit) ‎[2,458 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|work|}}{{quote| I am not a destroyer of reputations, I am a liberator of them! The point is, ladies and gentlemen, that banter, for lack of a better word, is good. Banter is right, greed works. Banter clarifies, cuts through and captures the essence of the evolutionary spirit. Banter in all of its forms. Banter for life, money, love, knowledge, has marked the upward surge of mankind, and banter – you mark my words – will not only save Teldar Paper, but that othe...") Tags: Mobile edit Mobile web edit Advanced mobile edit
12:32, 11 April 2024 ‎Employment derivatives (hist | edit) ‎[14,192 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|myth|{{image|Ironmountain1|jpg|}}}}{{d|employment derivatives||n|}} A financial asset class developed in the early part of this millennium by derivatives pioneer and potboiler {{author|Hunter Barkley}}. They would be like interest rate swaps. A bunch of large employers would submit, daily, how much they would be prepared to pay to hire established categories of worker, to derive some kind of London Inter-Employer Bid-Offer Rate (can we call this LIEBOR?). Then the B...")
10:53, 10 April 2024 ‎LIBOR rigging part 2 (hist | edit) ‎[27,349 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|disaster|{{image|dramatic gopher at court|jpg}}}}''This is part II of an article about LIBOR rigging. The first part is here.'' Okay, so a picture is emerging. During the 1980s the “interest rate” transformed from being the intractable time cost of borrowing money — for lenders, a secondary risk to the repayment of principal — to a tradable asset class of its own, thanks to the emergence of interest rate swaps. This is a profound conce...")
15:24, 9 April 2024 ‎Rumpelheimer v Haddock (hist | edit) ‎[10,900 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|casenote|}}RUMPELHEIMER v HADDOCK “Port to Port” This case, involving some difficult points of Marine and Traffic Law, was brought to a conclusion to-day. The President of the Probate, Divorce, and Admiralty Division ( who had the assistance of an assessor) giving judgment. This action was originally instituted in the King’s Bench, but, Mr Justice Juice holding that the issues disclosed pertained to the Law of Admiralty, although the ground of the clai...") Tag: Visual edit: Switched
08:58, 9 April 2024 ‎Just so story (hist | edit) ‎[569 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|work|}}{{d|Just so story|/ʤəst səʊ ˈstɔːri/|n|}}An unfalsifiable narrative explanation for a cultural practice, trait, or behaviour. A way of getting the the crux of things without getting weighed down by details. A favourite rhetorical device in these pages. Especially handy where JC doesn’t know what he’s talking about.")
13:08, 8 April 2024 ‎Interest rate swap (hist | edit) ‎[294 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{freeessay|isda|interest rate swap|{{image|bazooka gopher|jpg|''I told you he was angry'' {{vsr|2008}}}}}}The most basic type of swap. Therefore, the safest, most harmless, and least likely to be involved in infamy. Right? {{sa}} *Interest rate swap mis-selling scandal *LIBOR rigging") Tag: Visual edit: Switched
21:57, 7 April 2024 ‎LIBOR lowballing (hist | edit) ‎[1,152 bytes] ‎Amwelladmin (talk | contribs) (Created page with "The LIBOR rigging scandal — wherein many traders were prosecuted for manipulating the LIBOR rate to their trading advantage, only really came about as a result of the LIBOR lowballing scandal — a different scandal — where Banks deliberately understated the value of LIBOR that they could borrow at in the market. Whereas — arguably — the LIBOR rigging was at least within the literal meaning of the LIBOR rules, if not their spirit, in that the rates b...")
17:11, 7 April 2024 ‎Embarrassing emails (hist | edit) ‎[723 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|disaster|}}There are many blast signatures of a calumny but few are more distinctive than the quality of communications between those who wind up being implicated in them. {{sa}} *United States v Connolly and Black *Hayes and Palombo v R") Tag: Visual edit: Switched
17:40, 6 April 2024 ‎Axe (hist | edit) ‎[514 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{g}}{{d|Axe|/æks/|n}}1. ''Rock ’n’ roll'': An electric guitar. Ideally, a transition ’59 Strat with a slab board and single ply pick guard. 2. ''Financial trading'': The position a trader wants to be in, but isn’t. Where she aspires to go. A longing. A need. A ''desire''. If she is long huge slabs of structured mezzanine credit and it is March 2007, she is dramatically axed to ''sell'' it. Fast.")
12:25, 6 April 2024 ‎If you like sausages, don’t work in a smallgoods factory (hist | edit) ‎[332 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|maxim|}}When JC was little he was sent to Australia to work in a Bacon, Ham and Smallgoods factory near a prison in a settlement called Wacol on the outskirts of Brisbane. There he learned many things — not least of which was that if you like sausages, you should not work in such a place. Also, what a “long weight” is.")
12:18, 6 April 2024 ‎Edge (hist | edit) ‎[361 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{g}}{{d|Edge||n}}A distinctive advantage that sets a trader apart and allows them to accumulate more profits than losses. In a perfect market there is no edge. But the world isn’t perfect. It is quite important to check that your edge does not arise on account of illegal information.")
12:43, 3 April 2024 ‎Cutlet (hist | edit) ‎[6,346 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|fifi|}} ===Act I=== Late at night, SMEs in the compliance department are met by Squerrell, a good friend of Inspector Cutlet. They describe an email they have seen that seems to be from the recently-departed GC, David Bundie. At that moment, a new chat appears, and the guards and Squerrell decide to tell Cutlet. It’s impossible: he has no access to the system. It’s 3FA. Bartholomew Gould has recently become Co-head of legal with Chip Fryer|Geneviev...")
16:47, 31 March 2024 ‎Preamble - IM CSA Provision (hist | edit) ‎[26 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|csa|2018|Preamble}}")
13:11, 30 March 2024 ‎Replacement cost (hist | edit) ‎[36 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{freeessay|isda|replacement cost|}}")
10:06, 30 March 2024 ‎Virtue marketing (hist | edit) ‎[3,133 bytes] ‎Amwelladmin (talk | contribs) (Created page with "A way of salving one’s generic discomfort about the implications of commerce by projecting them into marketing and branding.") Tags: Mobile edit Mobile web edit Advanced mobile edit
11:56, 28 March 2024 ‎United States v Connolly and Black (hist | edit) ‎[8,280 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{cn}}The counterpoint to ''Hayes and Palombo v R''. On 27 January 2022, the Second Circuit quashed the convictions of Matthew Connolly and Gavin Black, traders at Deutsche Bank, one of the 16 US dollar LIBOR panel banks for bank fraud and wire fraud in connection with US dollar LIBOR submissions by inducing co-workers to submit to false statements that could influence LIBOR rates, to increase their employer’s profits on existing derivatives contracts. Connolly...")
09:45, 28 March 2024 ‎LIBOR rigging (hist | edit) ‎[10,442 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{cn}}{{quote| {{drop|“I|f the law}} supposes that,” said Mr. Bumble,… “the law is a ass—a idiot. If that’s the eye of the law, the law is a bachelor; and the worst I wish the law is that his eye may be opened by experience—by experience.” :— Charles Dickens, ''Oliver Twist''}} This appeal from Tom Hayes’ conviction for “LIBOR rigging” follows the US acquittals in 2022 of Matt Connolly and Gavin Black of the same crimes, and centres on a two-...") originally created as "Hayes and Palombo v R"
09:25, 27 March 2024 ‎Spandrel (hist | edit) ‎[601 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|design|}}{{d|Spandrel|/ˈspændrᵊl/|n|}}A roughly triangular space, between the top of an arch and a rectangular frame, between the tops of two adjacent arches, or one of the four spaces between a circle within a square. They are frequently filled with decorative elements. Made famous by the late great Stephen jay Gould in his neo-Darwinist-bunking paper ''File:The Spandrels of St Marco.pdf|The spandrels of San Marco and the Panglossian paradigm: a critique...")
19:43, 26 March 2024 ‎Appointment, replacement and retirement of Trustee (hist | edit) ‎[5,562 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|repack|}}crucible of the agency problem. It seems an uncommon condition amongst modern agents that they are unable to sensibly estimate the amount of effort they will be required to put in to a commitment, and therefore unable to make that commitment without some kind of free walk away. We derivatives lawyers know that a contract broken has a negative or positive value full stop this knowledge appears not to have filtered through to the agency community. ====Trustee...") Tags: Mobile edit Mobile web edit Advanced mobile edit
09:39, 26 March 2024 ‎Law firm panel (hist | edit) ‎[7,859 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|work|}}As good an illustration as you could ask for that the financial markets are an extended phenotype — a ghastly, metastasised spandrel that exists for the pleasure and enrichment of the commercial law industry. Investment banking is riven with contradiction. That a calling so devoted to the principles of the anarchic free market can organise itself into private enterprises that behave for all the world like Communist dictatorships. That even these cas...") Tags: Mobile edit Mobile web edit Advanced mobile edit
15:37, 25 March 2024 ‎Re Bank of Credit and Commerce International SA (No 8) (hist | edit) ‎[3,595 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{cn}}The leading case on charges over bank accounts. Some good nuggets: The general rule is that a secured creditor is not obliged to resort to its security but can still claim repayment from the debtor, leaving the security alone. In {{Cite|China and South Sea Bank Ltd.|Tan Soon Gin (alias George Tan)|1990|1 AC|536}}, where the security was a share mortgage and a personal surety, Lord Templeman said: {{quote|The creditor had three sources of repayment. The cre...")
18:25, 19 March 2024 ‎Real-time swap reporting requirements (hist | edit) ‎[1,271 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|eqderiv|{{subtable| {{L1}}'''Effective execution''': When you give us an order to enter into, modify or terminate a Transaction (an '''Order'''): {{L3}}'''Acknowledgement''': By acknowledging your Order we will attempt to execute it at or near the requested price or quantity; <li> '''Communication''': anything we tell you about your Order (including that it has been “filled”) conveys only an indicative value at which we may be able to fill the order; and<li> '''N...")
13:56, 17 March 2024 ‎Everyone has a contract until they get punched in the mouth (hist | edit) ‎[975 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|maxim|}}{{quote|Everyone has a plan until they get punched in the mouth :—MikeTyson}} The simple observation that contracts are entered into in peacetime, before even amorous exchanges commence let alone mendacious ones, are crafted by legal eagles having no real grasp of your present business, let alone how it will develop given the vicissitudes of modern commerce and the mendacity of personnel, will accordingly contain terms drawn with a fantastical idealism...")
17:06, 13 March 2024 ‎But no-one reads this, do they? (hist | edit) ‎[81 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{freeessay|design|no-one reads this|}}") Tag: Visual edit: Switched
12:58, 4 March 2024 ‎Template:Isdaprov2 (hist | edit) ‎[36 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{subst:isdaprov}}") originally created as "Isdaprov2"
12:18, 28 February 2024 ‎The best negotiation is no negotiation (hist | edit) ‎[494 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|maxim|}}{{maxim|The best negotiation is no negotiation}} {{Sa}} *Legal value *Qualities of a good ISDA")
10:52, 28 February 2024 ‎What is it about...? (hist | edit) ‎[10,693 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|record review|}}Music Podcast idea JC is no expert but he likes to twang on his guitar and he knows what he likes. This will be a series of deeply idiosyncratic investigations of unique songs — the type that stick in your head — to set up a story of why they stick in your head. Why are these ones different? Along the way it will looking at the the musical composition, instrumentation, technology, performance and recording techniques that made these songs unique....") Tags: Mobile edit Mobile web edit
11:08, 27 February 2024 ‎Virtual signing (hist | edit) ‎[37 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{freeessay|repack|virtual signing|}}")
16:10, 23 February 2024 ‎Appendix (hist | edit) ‎[1,225 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|design|}}What is the difference between a schedule, an appendix, and an annex? In practice, not much — any formal distinction is honoured in the breach — but if we can say there are three ways an appendage to a written contract can roll: {{l1}} '''Elections''': It can operate to modify the form of agreement, as in a document of elections and variables and amendments, especially where the agreement proper is standardised or inviolate. Without this kind of appendag...")
15:42, 21 February 2024 ‎Do not buy a warranty on a toaster (hist | edit) ‎[1,078 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|maxim|{{image|Toaster|png|No. Just No.}}}}{{maxim|Do not buy a warranty on a toaster}}. Do not insure things you can afford to replace. ''Solvent'' insurers necessarily overprice the actual probability of the loss in question: those who do not will not remain solvent, and insurers who do not remain solvent are no good to you. If you are concerned a £35 toaster might fail then, instead of spending £10 on a three-year warranty, spend £10 on a better toaster. The in...")
13:30, 16 February 2024 ‎Chekhov’s gun (hist | edit) ‎[430 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|design|}}{{d|Chekhov’s gun|Russian: ''Чеховское ружьё''|n|}} A narrative principle that states that every element in a story must be necessary, and irrelevant elements should be removed. “If there is a rifle hanging on the wall in the first act, it must go off in the third.” A preamble is a kind of Chekhov’s gun for the commercial contracts world. {{sa}} *{{isdaprov|Preamble}} in the {{isdama}}")
18:31, 9 February 2024 ‎Das wohltemperierte Rechtsanwaltsgehilfe (hist | edit) ‎[568 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|otto|}}''Das wohltemperierte Rechtsanwaltsgehilfe'', (lit., ''The “Well-Tempered Paralegal”'') consists of two sets of playbooks and offshoring centres in all 24 major and minor jurisdictions for keyboard by the odd Austrian melodramatist {{otto}}. In the composer's time, “paralegal” referred to a variety of school-leavers, trainees, padawans, call-centre workers in Bratislava and compliance officers, but excludes fully qua...")
11:40, 8 February 2024 ‎Legal process outsourcer (hist | edit) ‎[1,259 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|design|}}{{quote| Looks traveled. Hey—it’s lunchtime—let’s cook by electric chair. They scrounged. They ad-libbed. Flash scrounged hot dogs. Laurent scrounged corned beef. They packed them in. They stuffed the hoods. They pulled the switches. Sparks popped. The meat fried. The hoods dripped fat. The meat cooked uneven. The concept rocked. The reality stunk.}} A firm that collects the windfalls and low—hanging fruit of contract negotiation by engaging ch...")
19:31, 7 February 2024 ‎Better call ChatGPT (hist | edit) ‎[79 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{essay|technology|Better call GPT|}}") originally created as "Better Call GPT"
17:19, 4 February 2024 ‎By not more than 20 days’ notice - 1992 ISDA Provision (hist | edit) ‎[53 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1992|By not more than 20 days’ notice}}")
17:17, 4 February 2024 ‎By not more than 20 days’ notice - 1987 ISDA Provision (hist | edit) ‎[53 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|By not more than 20 days’ notice}}")
16:51, 4 February 2024 ‎Cross acceleration - 1992 ISDA Provision (hist | edit) ‎[37 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1992|Cross acceleration}}")
16:50, 4 February 2024 ‎Cross acceleration - 1987 ISDA Provision (hist | edit) ‎[37 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|Cross acceleration}}")
17:20, 2 February 2024 ‎Brownian motion (hist | edit) ‎[4,241 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|design|}}Like the Brownian motion in a cup of tea: not only is a spontaneous lurch of all participants in one direction at once unlikely, it is impossible. The Brownian collision that sends one molecule to the left must send another to the right. For every molecule to go left at once defies the laws of physics. Physics requires independently-interacting particles to move in offsetting directions. Hence the emergent stability of a a stationary cup of tea. Indepe...")
14:49, 1 February 2024 ‎2(a)(iii) - 1987 ISDA Provision (hist | edit) ‎[28 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|2(a)(iii)}}")
14:24, 1 February 2024 ‎Payments - 1987 ISDA Provision (hist | edit) ‎[20 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|2}}") originally created as "2 - 1987 ISDA Provision"
20:16, 31 January 2024 ‎Ancient ISDAs (hist | edit) ‎[545 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|isda|}}Our little shorthand for the {{1985ma}} and the {{1987ma}} , being the two archaic editions of the {{isdama}} that have fallen out of use, save for pockets of the deepest jungle in Borneo and where ancient camouflaged combatants still wait out the cessation of hostilities in the Second World War. To be compared and contrasted with the modern ISDAs — the {{1992ma}} and the {{2002ma}} which are still in widespread use — though the 1992 is...")
20:12, 31 January 2024 ‎Modern ISDAs (hist | edit) ‎[465 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{a|isda|}}Our little short hand for the {{1992ma}} and the {{2002ma}}, being the two mainly used editions of the {{isdama}}. To be compared and contrasted with the ancient ISDAs — the {{1985ma}} and the {{1987ma}} whom no-one in her right mind — and we would not suggest for an instant that there are no people in the financial derivatives market in their ''wrong'' minds, by the way — would use.")
14:41, 31 January 2024 ‎The Magicians (Book) (hist | edit) ‎[7,775 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{| class="wikitable" |+ Caption text |- ! Original !! Rewrite !! Comment |- | Quentin did a magic trick. Nobody noticed. || || |- |They picked their way along the cold, uneven sidewalk together: James, Julia, and Quentin. James and Julia held hands. That's how things were now. The sidewalk wasn't quite wide enough, so Quentin trailed after them, like a sulky child. He would rather have been alone with Julia, or just alone period, but you couldn't have everything. Or at...")
08:57, 29 January 2024 ‎Interpretation - 1987 ISDA Provision (hist | edit) ‎[20 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|1}}") originally created as "1 - 1987 ISDA Provision"
18:29, 24 January 2024 ‎Preamble - 1987 ISDA Provision (hist | edit) ‎[43 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{nman|isda|1987|Preamble}}")
18:10, 24 January 2024 ‎1987 ISDA wikitext (hist | edit) ‎[72,875 bytes] ‎Amwelladmin (talk | contribs) (Created page with "{{ISDA Master Agreement 1987 Preamble}} {{ISDA Master Agreement 1987 1}} {{ISDA Master Agreement 1987 2}} {{ISDA Master Agreement 1987 3}} {{ISDA Master Agreement 1987 4}} {{ISDA Master Agreement 1987 5}} {{ISDA Master Agreement 1987 6}} {{ISDA Master Agreement 1987 7}} {{ISDA Master Agreement 1987 8}} {{ISDA Master Agreement 1987 9}} {{ISDA Master Agreement 1987 10}} {{ISDA Master Agreement 1987 11}} {{ISDA Master Agreement 1987 12}} {{ISDA Master Agreement 1987 13}} {{...")

New pages

Navigation menu

Search