PDF Publication Title:
Text from PDF Page: 023
• There are multiple possible transactions, with two of them showcased in Figure 2.7 (Interest Rate Swap and Equity Swap). Each has a Confirmation document that uses different ISDA definitions. Therefore, in order to introduce changes tailored to specific needs, supporting documents to the ISDA Master Agreement, such as the Schedule and the Confirma- tion can be used. • Schedule: The parties involved can modify or add any details to the the Master Agreement and it provides a high amount of customization to the investors. Changes in the Schedule apply to all the transactions entered under this contract. • Confirmation: Final changes can be made in the Confirmation of the trans- action to modify any of the terms previously agreed upon in the Master Agree- ment or Schedule. This particular document is used to define custom economic terms or to take advantage of predefined ones applicable to a specific derivative and makes reference to other ISDA Definitions. [5] 2.4.4 Smart Derivatives Contracts Following Nick Szabo’s definition of smart contracts, it can be deduced that they can be applied to build derivatives, by automating some or all of the components of those financial instruments. However, some of the specifications of the ISDA Master Agreement cannot be laid out in code and many issues that need to be solved can arise, such as the ones presented below. • Processing human interventions • Trustfulness of incoming data • Transparency of the transactions and more Smart contracts also represent a way to guarantee a certain behaviour, but they are currently not backed by legal enforcement and this could be crucial when reacting to human input and expecting an honest behaviour independent of any private motivation. Therefore, in order to replace current derivatives, smart contracts have limita- tions due to the nature of transactions and should provide a combination of human input, legal enforcement of rights and tamper-proof code. [5] The current proposal from ISDA states that "only those parts of a derivatives contract that are capable of being automated should be considered" and "effective automation should be based on legal validation". [16] 2.4.5 OTC derivatives trade life-cycles There are multiple steps that form the life-cycle of a trade for OTC derivatives and it involves multiple stages as well as complex actions from the parties involved, as follows: 21PDF Image | NFT finance Leveraging Non-Fungible Tokens
PDF Search Title:
NFT finance Leveraging Non-Fungible TokensOriginal File Name Searched:
NFT-finance-Leveraging-Non-Fungible-Tokens.pdfDIY PDF Search: Google It | Yahoo | Bing
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
IT XR Project Redstone NFT Available for Sale: NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Be part of the future with this NFT. Can be bought and sold but only one design NFT exists. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Turbine IT XR Project Redstone Design: NFT for sale... NFT for high tech turbine design with one part 3D printed counter-rotating energy turbine. Includes all rights to this turbine design, including license for Fluid Handling Block I and II for the turbine assembly and housing. The NFT includes the blueprints (cad/cam), revenue streams, and all future development of the IT XR Project Redstone... More Info
Infinity Turbine ROT Radial Outflow Turbine 24 Design and Worldwide Rights: NFT for sale... NFT for the ROT 24 energy turbine. Be part of the future with this NFT. This design can be bought and sold but only one design NFT exists. You may manufacture the unit, or get the revenues from its sale from Infinity Turbine. Royalties go to the developer (Infinity) to keep enhancing design and applications... More Info
Infinity Supercritical CO2 10 Liter Extractor Design and Worldwide Rights: The Infinity Supercritical 10L CO2 extractor is for botanical oil extraction, which is rich in terpenes and can produce shelf ready full spectrum oil. With over 5 years of development, this industry leader mature extractor machine has been sold since 2015 and is part of many profitable businesses. The process can also be used for electrowinning, e-waste recycling, and lithium battery recycling, gold mining electronic wastes, precious metals. CO2 can also be used in a reverse fuel cell with nafion to make a gas-to-liquids fuel, such as methanol, ethanol and butanol or ethylene. Supercritical CO2 has also been used for treating nafion to make it more effective catalyst. This NFT is for the purchase of worldwide rights which includes the design. More Info
NFT (Non Fungible Token): Buy our tech, design, development or system NFT and become part of our tech NFT network... More Info
Infinity Turbine Products: Special for this month, any plans are $10,000 for complete Cad/Cam blueprints. License is for one build. Try before you buy a production license. May pay by Bitcoin or other Crypto. Products Page... More Info
| CONTACT TEL: 608-238-6001 Email: greg@infinityturbine.com | RSS | AMP |