Dashing through the swap
In a delegated trade
O’er the deal we go
Identifying all the way
Bells on ETD exchanges ring
Making dark pools bright
What fun it is to long and short
With CDOs tonight
Jingle Bells! Jingle Bells!
Jingle through the trade
Oh what fun it is to know our deals
As the regulators make us behave 😉
A day or two ago
I received my LEI
And soon ESMA‘s oversight
Was tracking our buy-side
The protocol was lean and lank
Folksonomy seemed our lot
Our UPIs and UTIs got stuck
And darkness was their lot!
Jingle Bells! Jingle Bells!
Jingle through the trade
Oh what fun it is to know the rules
That the regulators made
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