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*'''Been and gone''': Those that are already paid: settled, gone, checked into the hereafter; on permanent location in that foreign country we call the past — we care less about these; they are but a fossil record: they pose no risk, attract no capital and excite no prospects of revenue or compensation. | *'''Been and gone''': Those that are already paid: settled, gone, checked into the hereafter; on permanent location in that foreign country we call the past — we care less about these; they are but a fossil record: they pose no risk, attract no capital and excite no prospects of revenue or compensation. | ||
*'''Yet to come''': Due to be paid, or delivered, at a specified date in the future. Perhaps fixed; perhaps yet to be determined, but conceptually still out there. It is, conventionally, by off setting the provisional present value of these future cashflows, that we value “the {{isdaprov|Transaction}}” — this is what we call its “[[Replacement Transaction - ISDA Provision|replacement cost]]”. | *'''Yet to come''': Due to be paid, or delivered, at a specified date in the future. Perhaps fixed; perhaps yet to be determined, but conceptually still out there. It is, conventionally, by off setting the provisional present value of these future cashflows, that we value “the {{isdaprov|Transaction}}” — this is what we call its “[[Replacement Transaction - ISDA Provision|replacement cost]]”. | ||
*That weird inter-regnum of payments whose due date has passed, and which ''should have'' have been paid, and thus emigrated permanently to that foreign country but, for whatever reason — inattention, inability, defiance, or the affordances of Section {{isdaprov|2(a)(iii)}} — they have not yet been made, so they need to be worried about, accounted for and factored into things, over and above the “replacement” value of the trade | *'''The twilight zone''': That weird inter-regnum of payments whose due date has passed, and which ''should have'' have been paid, and thus emigrated permanently to that foreign country but, for whatever reason — inattention, inability, defiance, or the affordances of Section {{isdaprov|2(a)(iii)}} — they have not yet been made, so they need to be worried about, accounted for and factored into things, over and above the “replacement” value of the trade. | ||