Derivatives · glossary

Hierarchy of documents

Which document wins a clash. A Confirmation beats the Schedule for its own trade, the Schedule beats the printed clauses, and the rate definitions yield to all three. The more specific document wins, so read a pack backwards, starting with the Confirmation. Clause 1.4 · Chapter 4

Explained in Chapter 4, One Agreement: the Master, the Schedule and the People Who Negotiate It, of Derivatives.

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