Template:M summ EUA Annex Parties
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Dear old ISDA’s crack drafting squad™ have even managed to make a dog’s breakfast of this, by introducing two terms for the same party, depending on its role in the Transaction, and the type of Transaction.
One may be either a Buyer or a Seller; in a Forward ,the Buyer always receives and the Seller always delivers.
But for an Option, depending on whether it is a Call or a Put, a Buyer may be a ISDA or a Receiving Party.
It all seems a bit much like hard work, doesn’t it.