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Template:Isda 3(d) summ: Difference between revisions
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*'''It’s cobblers''': one ''can'' provide the {{isdaprov|Specified Information}}, on time, but it can be a total pile of ''horse ordure''. Now, here is a [[trick for young players]]: if your {{isdaprov|Specified Information}} is, or turns out to be, false, you have no remedy ''unless'' you have designated that it is “subject to the Section {{isdaprov|3(d)}} [[representation]]”. That is the one that promises it is accurate and not misleading.<ref>{{isdaprov|Accuracy of Specified Information}}.</ref> | *'''It’s cobblers''': one ''can'' provide the {{isdaprov|Specified Information}}, on time, but it can be a total pile of ''horse ordure''. Now, here is a [[trick for young players]]: if your {{isdaprov|Specified Information}} is, or turns out to be, false, you have no remedy ''unless'' you have designated that it is “subject to the Section {{isdaprov|3(d)}} [[representation]]”. That is the one that promises it is accurate and not misleading.<ref>{{isdaprov|Accuracy of Specified Information}}.</ref> | ||
Now you might ask what good an item of {{isdaprov|Specified Information}} can possibly be, if Section {{isdaprov|3(d)}} ''didn’t apply and it could be just made up on the spot without fear of sanction or retribution — as a youngster the [[JC]] certainly asked that question, and has repeated it over many years, and is yet to hear a good answer — but all we can presume is that in its tireless quest to cater for the unguessable predilections of the negotiating community, ISDA has left this preposterous option open ''just in case''. It wouldn’t be the first time. <br> | Now you might ask what good an item of {{isdaprov|Specified Information}} can possibly be, if Section {{isdaprov|3(d)}} ''didn’t'' apply and it could be just made up on the spot without fear of sanction or retribution — as a youngster the [[JC]] certainly asked that question, and has repeated it over many years, and is yet to hear a good answer — but all we can presume is that in its tireless quest to cater for the unguessable predilections of the negotiating community, ISDA has left this preposterous option open ''just in case''. It wouldn’t be the first time. <br> | ||