Template:M comp disc 2002 ISDA 3(d): Difference between revisions

Template:M comp disc 2002 ISDA 3(d) (view source)

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Revision as of 06:07, 21 February 2020 (view source) Amwelladmin (talk \| contribs) (Created page with "The fabulous Section {{isdaprov\|3(d)}} representation, giving one’s counterparty the right to close out should any so-designated representations turn out not to be true. Thi...") Tags: Mobile edit Mobile web edit		Revision as of 10:06, 28 March 2020 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	~~The fabulous Section~~ {{~~isdaprov\|3(d)~~}} ~~representation, giving one’s counterparty the right to close out should any so~~-~~designated representations turn out not to be true. This is sure to occupy an inordinate amount of your [[negotiation]] time —~~ in ~~that it occupies any time at all —~~ because ~~you are as likely to be hit~~ in ~~the face by a live flying starfish in the driest part of the Gobi Desert~~ as ~~you are~~ to ~~close out an ISDA because your counterparty is late preparing its annual accounts. [[Disclaimer\|But that’s a personal view and you may not rely on it~~.]]		{{icds}} must have got this spot-on in their first attempt in 1992, because their successors in 2002 could not find so much as an inverted comma to change.