Greece Puts ISDA in the News, Swaps as Subterfuge

Interesting articles about the challenges of over-the-counter (OTC) derivatives documentation, and how the ISDA ’standard’ language (HuffPo) used in some swaps is designed to favor one party.  Also, another lesson learned from Greece: don’t use interest rate swaps and/or cross currency swaps to alter debt-to GDP ratios.   (Bloomberg)  Another few reasons to get independent advice on this stuff, folks.

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