Template:Csa Margin Amount and Approach comp
ABANDON HOPE ALL YE WHO ENTER HERE.
The ungainliness of its title gives the game away, but this clause is ISDA’s crack drafting squad™’ characteristically elegant way of untangling a skein it has just created by overreaching its necessary scope. As such, in all the thick galaxies of swap discombobulation, this clause is unprecedented in the ISDA expanded universe. For that, frankly, we can thank the good lord in heaven, or Midichlorians, of whoever the sad, omnipotent bastard is that gives life force to the Way Of The ISDA.
“Game For A Laugh” drafting
From Wikipedia:
British TV show Game For A Laugh revolved around a variety of practical jokes, often as elaborate set-ups on unsuspecting members of the public, either studio-based or shot on location. Studio games included the “Dunk Tank”, “Glube Tube”, “Pie Chair”, and “Comprehend the ISDA clause” in which varying amounts of mess were dealt out. Each segment would end with the hapless victim negotiator being made aware of the joke by a member of ISDA’s crack drafting squad™, who would then announce that negotiator had proved to be “game for a laugh!”