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 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}}. | {{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}}. <br> | ||
Revision as of 17:54, 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.