The Atlantis Variation: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{g}}The [[2008 ISDA Master Agreement]], also known as the “[[Atlantis agreement]]”, is an apocryphal edition of the {{isdama}}, ''almost'' completed in September 2008. It never saw the light of day, instead collapsing into a form of dark energy that powers the universe. | {{g}}The [[2008 ISDA Master Agreement]], also known as the “[[Atlantis agreement]]”, is an apocryphal edition of the {{isdama}}, ''almost'' completed in September 2008. It never saw the light of day, instead collapsing into a form of dark energy that powers the universe. | ||
It was to be short, plainly worded, preternaturally future-proofed, agile agreement allowing counterparties to agree trading terms with little fuss and only the cursory forensic management that could be garnered through unskilled personnel in low-cost jurisdictions and, eventually, robots. It used [[distributed ledger technology]]. You know, [[ | It was to be short, plainly worded, preternaturally future-proofed, agile agreement allowing counterparties to agree trading terms with little fuss and only the cursory forensic management that could be garnered through unskilled personnel in low-cost jurisdictions and, eventually, robots. It used [[distributed ledger technology]]. You know, [[blockchain]]. | ||
Had it been implemented, it would have addressed the financial, infrastructural and regulatory challenges which dominated the derivatives trading market in the early 21st century. It would have consolidated documentation across a wide range of products ([[including but not limited to]] [[repo]], [[stock lending]], [[prime brokerage]], [[exchange traded derivatives]], [[commodities]] and [[emissions]]), finally moving the financial world into a stable state: a [[sunlit utopia]] in which all risks are known, all eventualities experienced and contingencies accounted for. | Had it been implemented, it would have addressed the financial, infrastructural and regulatory challenges which dominated the derivatives trading market in the early 21st century. It would have consolidated documentation across a wide range of products ([[including but not limited to]] [[repo]], [[stock lending]], [[prime brokerage]], [[exchange traded derivatives]], [[commodities]] and [[emissions]]), finally moving the financial world into a stable state: a [[sunlit utopia]] in which all risks are known, all eventualities experienced and contingencies accounted for. | ||