Template:2002 ISDA Equity Derivatives Definitions 6.7(b): Difference between revisions

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{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. For purposes of determining the Settlement Price or <br>the {{eqderivprov|Final Price}}, as the case may be, in respect of a {{eqderivprov|Valuation Date}}, the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} <br>will be:
:{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. For purposes of determining the Settlement Price or the {{eqderivprov|Final Price}}, as the case may be, in respect of a {{eqderivprov|Valuation Date}}, the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} will be:
:(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the <br>arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}}; <br>
::(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}};  
:(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts <br>for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of <br>the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the <br>{{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the <br>{{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} <br>comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and <br>
::(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and  
:(iii) in respect of a {{eqderivprov|Cash-settled}} {{eqderivprov|Share Basket Transaction}}, the arithmetic mean of the <br>amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for <br>determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the <br>amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the values calculated for <br>the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of (A) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and (B) the <br>relevant {{eqderivprov|Number}} of {{eqderivprov|Shares}} comprised in the {{eqderivprov|Basket}}. <br>
::(iii) in respect of a {{eqderivprov|Cash-settled Share Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the values calculated for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of (A) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and (B) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. <br>

Latest revision as of 12:08, 10 May 2018

6.7(b) Settlement Price and Final Price. For purposes of determining the Settlement Price or the Final Price, as the case may be, in respect of a Valuation Date, the Settlement Price or the Final Price will be:
(i) in respect of an Index Transaction or Cash-settled Share Transaction, the arithmetic mean of the Relevant Prices of the Index or the Shares on each Averaging Date;
(ii) in respect of an Index Basket Transaction, the arithmetic mean of the amounts for the Basket determined by the Calculation Agent as provided in the related Confirmation as of the relevant Valuation Time(s) on each Averaging Date or, if no means for determining the Settlement Price or the Final Price are so provided, the arithmetic mean of the amounts for the Basket calculated on each Averaging Date as the sum of the Relevant Prices of each Index comprised in the Basket (weighted or adjusted in relation to each Index as provided in the related Confirmation); and
(iii) in respect of a Cash-settled Share Basket Transaction, the arithmetic mean of the amounts for the Basket determined by the Calculation Agent as provided in the related Confirmation as of the relevant Valuation Time(s) on each Averaging Date or, if no means for determining the Settlement Price or the Final Price are so provided, the arithmetic mean of the amounts for the Basket calculated on each Averaging Date as the sum of the values calculated for the Shares of each Issuer as the product of (A) the Relevant Price of such Share and (B) the relevant Number of Shares comprised in the Basket.