Template:M tldr isda qualities of a good ISDA

The JC’s five qualities of a good ISDA: fairness, clarity, confidence, consistency and simplicity — Fairness: there should be no hostility between negotiating parties, so fairness is common sense — Confidence: they should help negotiators understand the forms, how they work, and commercial drivers and reason from first principles, so they can help you keep the templates on point — a brief excursion into war peotry — Clarity: when you need those carefully wrangled terms, they will need to be clear. People will be acting out a Rudyard Kipling poem. Make sure you are as well-positioned as you can be — Consistency: when the levee breaks, you don’t want to be reading your contracts at all. Remember Serenity’s Prayer. Don’t tier your clients into important ones and boring ones — Simplicity: be clear and simple in what you say. It will help you on the day you need that contract again — What you can do about it: an appeal to overcome the Buttocractic Oath and act now to make your organisation better prepared for when the storm comes.