"Apart from the sheer inconvenience, there is the basisriskcaused by running two different sets of documents around thesameproducts."-- January 11, 2004 12:00 AM LinkedIn X Show more sharing options Copy Link URLCopied! Print LinkedIn X Tim Hailes, v.p. and assistant general counsel at JPMorgan in London, explaining the problems resulting from some derivatives houses not switching to the International Swaps and Derivatives Association's 2002 equity derivatives definitions.