Derivatives · glossary
Each party's statement that it deals for itself, on its own judgement, and does not rely on the other's advice. Springwell v JP Morgan (2010) held that such terms bind, so "the bank advised us" rarely succeeds. Atlas accepted it because it had its own treasurer, lawyers and policy. Clause 3.5 · Chapter 5
Explained in Chapter 5, Representations, Undertakings and the Paper Trail, of Derivatives.
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