[BangPypers] Wall street may embrace Python

Anand Balachandran Pillai abpillai at gmail.com
Mon Apr 26 10:38:54 CEST 2010

> On Mon, Apr 26, 2010 at 1:48 PM, Dhananjay Nene <dhananjay.nene at gmail.com>wrote:
>> Whoa! what becomes law ? From what i can understand it primarily refers to
>> the preferred mechanism of documenting complex waterfall provisions, in
>> fiscal projections.

I downloaded the PDF from the SEC web-site and here are the
relevant lines from it.

The asset-level information would be provided according to proposed
standards and in a tagged data format using eXtensible Markup Language
(XML). In addition, we are proposing to require, along with the prospectus
filing, the filing of a computer program of the contractual cash flow
provisions expressed as downloadable source code in Python, a commonly used
open source interpretive programming language.

Interesting to see that they want to use open technologies
for this.

The word "law" was used very  leniently. Come on, we are not lawyers
 here, give me a break and don't hang on to every word. If you
 don't like it, read it as "proposal" or "specification", which it is.


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