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Template:South African CLN: Difference between revisions
→The South African credit-linked note and the misunderstood sw-æp
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I turned on my heels and regarded it resentfully. Should I answer? | I turned on my heels and regarded it resentfully. Should I answer? | ||
Valour got the better part of discretion, and I did. It turned out to be a partner from that famous derivatives firm<ref>Not famous. It was and, as far as I know, still is, a shipping and marine insurance specialist.</ref> Stephenson Harwood. He announced himself as the prospective client’s solicitor, and told me he had some comments on the [[swap]]. Only he pronounced it “[[sw-æp]]”, to rhyme with “crap”, and not “[[sw-ŏp]]”, to rhyme with chop — something that after [[Noel Edmonds]], you would think no self-respecting British child, let alone one who had matured into a [[derivatives]] whizz, would | Valour got the better part of discretion, and I did. It turned out to be a partner from that famous derivatives firm<ref>Not famous. It was and, as far as I know, still is, a shipping and marine insurance specialist.</ref> Stephenson Harwood. He announced himself as the prospective client’s solicitor, and told me he had some comments on the [[swap]]. Only he pronounced it “[[sw-æp]]”, to rhyme with “crap”, and not “[[sw-ŏp]]”, to rhyme with chop — something that, after [[Noel Edmonds]], you would think no self-respecting British child, let alone one who had matured into a [[derivatives]] whizz, would do. | ||
In any case this chap sent in his mark-up of the, er, [[sw-æp]], and he had rather gone to town on it, in a manner indicating only a passing acquaintance with the derivatives market, but great expertise in the complications that arise when one transports goods by sea. | In any case this chap sent in his mark-up of the, er, [[sw-æp]], and he had rather gone to town on it, in a manner indicating only a passing acquaintance with the derivatives market, but great expertise in the complications that arise when one transports goods by sea. | ||