Template:M summ 2018 CSD 13(h): Difference between revisions
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[[Secured Party Rights Event - IM CSD Provision|What]] an utter omnishambles. {{icds}} may usually be tiresome, leaden in its literary style, and pernickety to the point of distraction, but one thing you can say for it is that it is '' | [[Secured Party Rights Event - IM CSD Provision|What]] an utter omnishambles. {{icds}} may usually be tiresome, leaden in its literary style, and pernickety to the point of distraction, but one thing you can say for it is that it does, usually, do things properly. It is ''thorough''. It leaves no stone unturned, even when you wish it rather had. | ||
With this provision it looks like the ’squad got to the point of maximum disarray, with all rocks upturned and slaters, bugs and cockroaches scuttling everywhere, and it just had a tantrum and stormed off. These provisions don’t even make ''sense''. They are not even ''grammatical''. | |||
God only knows what they thought they were trying to achieve. Whatever remote objective they had as a goal, and whatever contingencies were dogging the ’squad’s fevered subconsious as they trudged, in formation, through the moist, dengue-infested swamps of of this drafting exercise — and there is some talk that there may have been skirmishes with pockets of rogue buyside advisors to distract them as they went waded through the hip-high sludge — what is left to posterity is a confused, gibbering disaster. | God only knows what they thought they were trying to achieve. Whatever remote objective they had as a goal, and whatever contingencies were dogging the ’squad’s fevered subconsious as they trudged, in formation, through the moist, dengue-infested swamps of of this drafting exercise — and there is some talk that there may have been skirmishes with pockets of rogue buyside advisors to distract them as they went waded through the hip-high sludge — what is left to posterity is a confused, gibbering disaster. | ||
Revision as of 12:26, 23 July 2021
What an utter omnishambles. ISDA’s crack drafting squad™ may usually be tiresome, leaden in its literary style, and pernickety to the point of distraction, but one thing you can say for it is that it does, usually, do things properly. It is thorough. It leaves no stone unturned, even when you wish it rather had.
With this provision it looks like the ’squad got to the point of maximum disarray, with all rocks upturned and slaters, bugs and cockroaches scuttling everywhere, and it just had a tantrum and stormed off. These provisions don’t even make sense. They are not even grammatical.
God only knows what they thought they were trying to achieve. Whatever remote objective they had as a goal, and whatever contingencies were dogging the ’squad’s fevered subconsious as they trudged, in formation, through the moist, dengue-infested swamps of of this drafting exercise — and there is some talk that there may have been skirmishes with pockets of rogue buyside advisors to distract them as they went waded through the hip-high sludge — what is left to posterity is a confused, gibbering disaster.