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Template:Isda 2(a)(iii) premium: Difference between revisions
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:*The confusion arising from not knowing when it applies. | :*The confusion arising from not knowing when it applies. | ||
:*The JC’s theory about why anyone thought 2(a)(iii) was a good idea in the first place. | :*The JC’s theory about why anyone thought 2(a)(iii) was a good idea in the first place. | ||
:*The JC’s view that | :*The JC’s view that even if once upon a time it was, Section 2(a)(iii) is no longer fit for purpose. | ||
:*How Section 2(a)(iii) held up during the sanctions extravaganza when Russia invaded Ukraine ( | :*How Section 2(a)(iii) held up during the sanctions extravaganza when Russia invaded Ukraine (TL;DR: it didn’t help!) | ||
* | *Regulatory issues | ||
:*Why regulators don’t like 2(a)(iii) | :*Why regulators don’t like 2(a)(iii). | ||
:*What the courts think of 2(a)(iii) — in a nutshell, they are ''confused'' | :*What the courts think of 2(a)(iii) — in a nutshell, they are ''confused'' about it. | ||
:*A table comparing the six major decisions on the clause | :*A table comparing the six major decisions on the clause. | ||
*Practical issues: | *Practical issues: | ||
:*How Section 2(a)(iii) operates in the case of non-payment-or-delivery defaults. | :*How Section 2(a)(iii) operates in the case of non-payment-or-delivery defaults. | ||
:*How corporate buyers of fully paid options might feel about 2(a)(iii) (hint: not happy!) | :*How corporate buyers of fully paid options might feel about 2(a)(iii) (hint: not happy!) | ||
:*Amendments corporates might think about making if they want to feel happier | :*Amendments those corporates might think about making if they want to feel happier. | ||