Template:Other CSA commentary: Difference between revisions

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→‎But what does it mean?

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 ===But what does it mean?===
-This seems to be contemplating those who wished to “[[grandfather]]” {{isdaprov|Transaction}}s which were already on foot at the time the [[regulatory margin]] obligation came into force, but which therefore preceded it and were out of scope for it. Cue a monstrously painful ''dual''-CSA regime where new transactions were margined under a new, [[regulatory margin]]-compliant {{2016csa}}, and old ones were allowed to roll off on the clapped out (but somehow ''better'', right?) “other” {{1995csa}}.
+This “{{csaprov|Other CSA}}” talk has in mind those who, in 2016, wished to “[[grandfather]]” {{isdaprov|Transaction}}s which were already live when the [[regulatory margin]] obligations came into force, but which therefore preceded it and were out of scope for it.
-No doubt this made sound commercial sense in 2015, a few years later, for all bar those with 30 year inflation swaps on the books, all this {{csaprov|Other CSA}} chat is just barnacle-encrusted codified confusion for everyone. <br>
+Cue a monstrously painful ''dual''-CSA regime where new transactions were margined under a new, [[regulatory margin]]-compliant {{2016csa}}, and old ones were allowed to roll off on the clapped-out (but somehow ''better'', right?) “other” {{1995csa}}.
+No doubt this made sound commercial sense in 2016. But a few years later, for all except those with 30-year inflation swaps on the books, all this “{{csaprov|Other CSA}}” chat is just [[barnacle]]-encrusted confusion for everyone. <br>