Template:Calculation agent versus determination agent: Difference between revisions

We have noted elsewhere that the User’s Guide is less forthcoming than one might like it to be on what the Determining Party is for, and when (or why) there might ever be ''two''. But it does say this:

If this is meant to help, it singularly fails to, except to recognise that the {{eqderivprov|Determining Party}} is acting ''in its capacity as a {{eqderivprov|Hedging Party}}'', and not in its gnomic, wise, dispassionate role as impartial determiner of abstract values. This explains, maybe, why {{icds}} thought it worthwhile to have distinct roles of {{eqderivprov|Calculation Agent}} and {{eqderivprov|Determining Party}} — it is not saying (as far as we can tell) that the party who is {{eqderivprov|Calculation Agent}} cannot ''be'' {{eqderivprov|Determining Party}} at all, but only that when it ''is'' being a {{eqderivprov|Determining Party}} it  is ''not'' being {{eqderivprov|Calculation Agent}}: the two roles wear different trousers, so to speak.  

But what it ''does'' confirm is that the {{eqderivprov|Determining Party}} is meant to refer to the person who is actually hedging the trade, and that what they will be doing is liquidating hedges to get prices.