View source for Template:2002 ISDA Equity Derivatives Definitions 6.8

{{2002 ISDA Equity Derivatives Definitions 6.8(intro)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(a)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(b)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(c)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(d)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(e)}}
{{2002 ISDA Equity Derivatives Definitions 6.8(f)}}

(c) Settlement Price and Final Price. For purposes of determining the Settlement Price or
the Final Price, as the case may be, on a Valuation Date:
(i) in respect of an Index Transaction, the Settlement Price or the Final Price will be
the Official Settlement Price on that Valuation Date; and
(ii) in respect of an Index Basket Transaction, the Settlement Price or the Final Price
will be determined as otherwise provided in these Definitions, provided, however, that in relation
to each Index for which Futures Price Valuation is applicable, the Relevant Price will be the
Official Settlement Price (weighted or adjusted in relation to that Index as provided in the related
Confirmation) on that Valuation Date.
(d) Adjustments of the Exchange-traded Contract. Without duplication of Section 11.1
(which shall govern in the event of any conflict), in the event that the terms of the Exchange-traded
Contract are changed or modified by the Exchange, the Calculation Agent shall, if necessary, adjust one
or more of the Strike Price, the Number of Options, the Initial Price, the Forward Price, the Forward
Floor Price, the Forward Cap Price, the Knock-in Price, the Knock-out Price and/or any other variable
relevant to the settlement terms of the Transaction to preserve for each party the economic equivalent of
any payment or payments (assuming satisfaction of each applicable condition precedent) by the parties in
respect of the Transaction that would have been required after the date of such change.
(e) Non-Commencement or Discontinuance of the Exchange-traded Contract. If there
is no Official Settlement Price as a result of the fact that trading in the Exchange-traded Contract never
commences or is permanently discontinued at any time on or prior to a Valuation Date, the Official
Settlement Price for that Valuation Date shall be deemed to be the level of the relevant Index at the close
of the regular trading session on the relevant Exchange on the Valuation Date. If this Section 6.8(e)
applies, then the Expiration Date, in respect of an Option Transaction, or the relevant Valuation Date, in
respect of a Forward Transaction or an Equity Swap Transaction, shall mean the date that, but for the
non-commencement or permanent discontinuance of the Exchange-traded Contract, would have been the
date of publishing the relevant Official Settlement Price unless such day is a Disrupted Day, in which
case the provisions of Sections 3.1(f) or 6.6, as applicable, will apply.
(f) Corrections of the Official Settlement Price. If the Official Settlement Price for any
Valuation Date is corrected and the correction is published by the relevant exchange within one
Settlement Cycle for the related Exchange-traded Contract after the original publication, either party may
notify the other party of that correction and the Calculation Agent will determine the amount that is
payable as a result of that correction and, to the extent necessary, will adjust the terms of such
Transaction to account for such correction.