82,891
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
The quaint notion that a [[dealer poll]] would, at the point when needed, actually do anything was laid to rest in the 2023 case of {{casenote|Lehman Brothers International (Europe)|AG Financial Products, Inc.||}} which involved the closeout and valuation of a {{1992isda}} following | The quaint notion that a [[dealer poll]] would, at the point when needed, actually do anything was laid to rest in the 2023 case of {{casenote|Lehman Brothers International (Europe)|AG Financial Products, Inc.||}} which involved the closeout and valuation of a {{1992isda}} following [[Lehman]]’s collapse. | ||
This case is an object less on for many unacknowledged facts about derivatives trading — such as that cases involving seemingly tried and tested aspects of close-out methodology get litigated at all, let alone that they take 15 years to get to judgment — but the standout point is the ''forlorn pointlessness of convening [[dealer poll]]s''. | |||
From Crane J’s factual summary: | From Crane J’s factual summary: |