The Jolly Contrarian

Template:Options and flawed assets: Difference between revisions

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Template:Options and flawed assets (view source)

Revision as of 09:50, 17 April 2023

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(Created page with "Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. T...")
 
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Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. This can make matters interesting should your [[swap dealer]] decide to play ''[[Um alberne kerle zu spielen]]'' with the [[flawed asset]] provisions in your ISDA — newsflash: it ''won’t'', as long as its risk team retains possession of their deliberative faculties, but that won’t stop the negotiation community obsessing about how to cater for the contingency that they do not. There is a lengthy disquisition about it in the “details” section of our article on Section {{isdaprov|2(a)(iii)}}.
Once paid, you have no further ''obligations'' under the {{euaprov|Transaction}}, just the right — confitional on the option being in the money — to be paid on exercise. This can make matters interesting should your [[swap dealer]] decide to play ''[[Um alberne kerle zu spielen]]'' with the [[flawed asset]] provisions in your ISDA — though, newsflash: it ''won’t'', as long as its risk team retains possession of their deliberative faculties — but that won’t stop the negotiation community obsessing about how to cater for the contingency that they do not.  
 
For bookish types, there is a lengthy disquisition about it in the “{{plainlink|https://jollycontrarian.com/index.php?title=Section_2(a)(iii)_-_ISDA_Provision#Non-payment_delivery_defaults|details}}” section of our article on Section {{isdaprov|2(a)(iii)}}.
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