Template:Nutshell Equity Derivatives 13.2(a): Difference between revisions
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{{eqderivprov|13.2(a)}} If “'''{{eqderivprov|Agreements and Acknowledgments Regarding Hedging Activities}}'''” applies each party agrees that: | :{{eqderivprov|13.2(a)}} If “'''{{eqderivprov|Agreements and Acknowledgments Regarding Hedging Activities}}'''” applies each party agrees that: | ||
:(i) neither party is relying on | ::(i) neither party is relying on | ||
::(A) the manner or method in which the other party hedges | :::(A) the manner or method in which the other party hedges | ||
::(B) any communication about the other party's hedging, or | :::(B) any communication about the other party's hedging, or | ||
::(C) any statement made by such party about its hedging | :::(C) any statement made by such party about its hedging | ||
and that | ::and that | ||
:(ii) | ::(ii) | ||
::(A) each party may, but doesn't have to, hedge; | :::(A) each party may, but doesn't have to, hedge; | ||
::(B) hedges are proprietary | :::(B) any hedges are the hedging party’s proprietary positions; | ||
::(C) neither party holds its {{eqderivprov|Hedge Positions}} for the other party, and the other party has no interest in its {{eqderivprov|Hedge Positions}}; and | :::(C) neither party holds its {{eqderivprov|Hedge Positions}} for the other party, and the other party has no interest in its {{eqderivprov|Hedge Positions}}; and | ||
::(D) each party may hedge or not in its sole discretion. | :::(D) each party may hedge or not in its sole discretion. <br> | ||
<br> | |||
Latest revision as of 16:16, 6 September 2018
- 13.2(a) If “Agreements and Acknowledgments Regarding Hedging Activities” applies each party agrees that:
- (i) neither party is relying on
- (A) the manner or method in which the other party hedges
- (B) any communication about the other party's hedging, or
- (C) any statement made by such party about its hedging
- and that
- (ii)
- (A) each party may, but doesn't have to, hedge;
- (B) any hedges are the hedging party’s proprietary positions;
- (C) neither party holds its Hedge Positions for the other party, and the other party has no interest in its Hedge Positions; and
- (D) each party may hedge or not in its sole discretion.
- (i) neither party is relying on