Template:Nutshell Equity Derivatives 12.8(a): Difference between revisions

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{{eqderivprov|12.8(a)}}: “'''{{eqderivprov|Cancellation Amount}}'''” means the gains or losses the {{eqderivprov|Determining Party}} would realise in replacing the {{eqderivprov|Transaction}} (including payments and deliveries by the parties that would have been required after the date of termination and the parties’ respective option rights under that {{eqderivprov|Transaction}}), determined as of the termination date of the {{eqderivprov|Transaction}} (or as soon afterwards as is reasonable). <br>
{{eqderivprov|12.8(a)}}: “'''{{eqderivprov|Cancellation Amount}}'''” means the gains or losses the {{eqderivprov|Determining Party}} would incur under prevailing circumstances in replacing (i) the material terms of the {{eqderivprov|Transaction}}, including payments and deliveries that would, but for the {{eqderivprov|Extraordinary Event}}, have been required after termination and (ii) the parties’ option rights under the {{eqderivprov|Transaction}}.

Revision as of 17:51, 2 August 2017

12.8(a): “Cancellation Amount” means the gains or losses the Determining Party would incur under prevailing circumstances in replacing (i) the material terms of the Transaction, including payments and deliveries that would, but for the Extraordinary Event, have been required after termination and (ii) the parties’ option rights under the Transaction.

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