Template:M comp disc Equity Derivatives 12.8: Difference between revisions

Template:M comp disc Equity Derivatives 12.8 (view source)

Revision as of 18:30, 19 October 2020

12 bytes added , 19 October 2020

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,976

edits

Revision as of 18:29, 19 October 2020 (view source) Amwelladmin (talk \| contribs) (Created page with "If it’s a beast under the {{eqdefs}}, it was going to be worse under the (ill-fated) 2011 ISDA Equity Derivatives Definitions, though it seems, after nearly a decade of...")		Revision as of 18:30, 19 October 2020 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
Line 3:		Line 3:
	But we can take some solance that, however bad we may have found things, somewhere out in the multiverse there is alternative us; a world just like this one, only in which the market adopted the 2011 Equity Derivatives Definitions instead of roundly ignoring them. In that accursed parallel universe, our mortal equivalents — people who otherwise resemble you and me, readers — who live, love and aspire to intellectual and moral fulfillment, just as we do — those poor souls endure this unending hardship. It falls to [[Clifford Chance]] — not without some hubris, we feel — to imagine what that experience might have been like, had it been visited upon us:		But we can take some solance that, however bad we may have found things, somewhere out in the multiverse there is alternative us; a world just like this one, only in which the market adopted the 2011 Equity Derivatives Definitions instead of roundly ignoring them. In that accursed parallel universe, our mortal equivalents — people who otherwise resemble you and me, readers — who live, love and aspire to intellectual and moral fulfillment, just as we do — those poor souls endure this unending hardship. It falls to [[Clifford Chance]] — not without some hubris, we feel — to imagine what that experience might have been like, had it been visited upon us:

	:“[[~~12.8(a)~~ - Equity Derivatives Provision\|This provision]] has been amended heavily and now runs to over 10 pages. It sets out different optional methods of calculating the transaction value, rather than following a purely replacement value approach (as under the 2002 Definitions) which was considered not to be appropriate in all cases. Greater detail is also provided as to how and when the {{eqderivprov\|Cancellation Amount}} is to be determined, what data is to be taken into account and how losses/gains resulting from hedge close-outs are allocated.”		:“[[Cancellation Amount - Equity Derivatives Provision\|This provision]] has been amended heavily and now runs to over 10 pages. It sets out different optional methods of calculating the transaction value, rather than following a purely replacement value approach (as under the 2002 Definitions) which was considered not to be appropriate in all cases. Greater detail is also provided as to how and when the {{eqderivprov\|Cancellation Amount}} is to be determined, what data is to be taken into account and how losses/gains resulting from hedge close-outs are allocated.”