Template:M intro isda Party A and Party B: Difference between revisions

Template:M intro isda Party A and Party B (view source)

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 “Thus, those who ''swap'' things are not master and servant, but equals. ''Rivals''. Let us call them ‘Counterparties’.”
-This imagines swaps in that pure, innocent, bubble-gum-cards-in-the-playground way. “I have two Emerson Fittipaldis, you have two Mario Andrettis, we can increase the net happiness of the world by swapping so we both have one of each.”
+The foundation myth imagines swaps in that pure, innocent, trading-bubble-gum-cards-in-the-playground way. “I have two Emerson Fittipaldis, you have two Mario Andrettis, we can increase the net happiness of the world by swapping so we both have one of each.”
 In the playground there are no brokers or dealers of bubble gum cards to intermediate, make markets and provide liquidity, let alone a trusted central clearer. It is a peer-to-peer, decentralised marketplace.<ref>Oh, wait. Hang on. There ''was''. It was Peason Minor in 3B. That made a two-way market in foopballers, F1 drivers and Top Trumps military planes and supercars. That guy was incredible. Wonder what he’s doing now. [''CIO at GSAM — Ed.''] Okay so most metaphors don’t bear close examination.</ref>