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April 2024

From the ISDA annals: employment derivatives
There was a time when this novel asset class promised to dispel forever the existential horror of labour. But then, marred by sharp selling practices…
How the JC works
A quick overview to help you get the most out of the JC.
American Bacon drafting
After all that heavy fuel about LIBOR, something on a lighter note for the weekend.
The LIBOR scandal, part 2
Last week, we looked at the the background to the LIBOR manipulation case. This week we look at the criminal proceedings.
The LIBOR scandal, part 1: background
Earlier this month the Court of Appeal rejected Tom Hayes’ referral of his conviction for LIBOR manipulation. JC looks at LIBOR, the history of interest…

March 2024

But no-one reads this, do they?
After all that ISDA chat, a bit of light philosophical relief this week. What are legal contracts for, exactly? Does anyone know?
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About that ISDA Pt 5: Section 1: Interpretation
More in the series of deep philosophical enquiries into the “Sacred Fourteen”.
About that ISDA Pt 4(b): The qualities of a good ISDA
Second part of an essay on the essential features of a solid master trading agreement: consistency, simplicity, and if yours aren’t, what you can do to…

February 2024

About that ISDA Pt 4(a): The qualities of a good ISDA
An essay on the essential, often overlooked, features of a solid master trading agreement.
About that ISDA Pt 3: The Preamble
In one for the real insomniacs and anoraks, the JC starts to go clause by clause through the ISDA. Will he be able to keep this up? Only time will tell.
Better call ChatGPT
The boffins have benchmarked the meatware against the machines. It didn’t go well.
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