Template:M summ 2018 CSD 3(c)(iii): Difference between revisions

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(Created page with "Where, with the greatest of respect, the {{imcsd}} gets totally over its skis. Had it just reined in its enthusiasm, and limited itself to dealing with *just* regulatory requ...")
 
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Where, with the greatest of respect, the {{imcsd}} gets totally over its skis. Had it  just reined in its enthusiasm, and limited itself to dealing with *just* regulatory required IM, that actually has to be posted to a third party custodian, this document would have been shorter, less controversial, and ''way'' easier to understand. But no.
[[3(c)(iii) - IM CSD Provision|The point]] where, with the greatest of respect, the {{imcsd}} gets ''totally'' over the front of its skis. Had it  just reined in its enthusiasm, and limited itself to dealing with *just* regulatory IM, that actually has to be posted, compulsorily, to a third party custodian, this document would have been shorter, less controversial, and ''way'' easier to understand. But no: {{icds}} went into bafflement overdrive.

Revision as of 15:31, 5 March 2021

The point where, with the greatest of respect, the 2018 English law IM CSD gets totally over the front of its skis. Had it just reined in its enthusiasm, and limited itself to dealing with *just* regulatory IM, that actually has to be posted, compulsorily, to a third party custodian, this document would have been shorter, less controversial, and way easier to understand. But no: ISDA’s crack drafting squad™ went into bafflement overdrive.

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