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

Template:2002 ISDA Equity Derivatives Definitions 6.7(c) (view source)

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 {{eqderivprov|6.7(c)}} '''{{eqderivprov|Averaging Date Disruption}}'''. If any {{eqderivprov|Averaging Date}} is a {{eqderivprov|Disrupted Day}}, then, if under <br>"'''{{eqderivprov|Averaging Date Disruption}}'''" the consequence specified in the related Confirmation is: <br>
 {{2002 ISDA Equity Derivatives Definitions 6.7(c)(i)}}
-:(ii) "'''{{eqderivprov|Postponement}}'''", then Section {{eqderivprov|6.6}} will apply for purposes of determining the <br>relevant level, price or amount on that {{eqderivprov|Averaging Date}} as if such {{eqderivprov|Averaging Date}} were a <br>{{eqderivprov|Valuation Date}} that was a {{eqderivprov|Disrupted Day}} irrespective of whether, pursuant to such determination, <br>that deferred {{eqderivprov|Averaging Date}} would fall on a date that already is or is deemed to be an Averaging <br>Date for the {{isdaprov|Transaction}}; or <br>
+{{2002 ISDA Equity Derivatives Definitions 6.7(c)(ii)}}
+{{2002 ISDA Equity Derivatives Definitions 6.7(c)(iii)}}
 :(iii) "'''{{eqderivprov|Modified Postponement}}'''", then: <br>
 ::(A) in the case of an {{eqderivprov|Index Transaction}} or a {{eqderivprov|Share Transaction}}, the <br>{{eqderivprov|Averaging Date}} shall be the first succeeding {{eqderivprov|Valid Date}}. If the first succeeding Valid <br>Date has not occurred as of the {{eqderivprov|Valuation Time}} on the eighth {{eqderivprov|Scheduled Trading Day}} <br>immediately following the original date that, but for the occurrence of another Averaging <br>Date or {{eqderivprov|Disrupted Day}}, would have been the final {{eqderivprov|Averaging Date}} in respect of the <br>relevant {{eqderivprov|Scheduled Valuation Date}}, then (1) that eighth {{eqderivprov|Scheduled Trading Day}} shall be <br>deemed the {{eqderivprov|Averaging Date}} (irrespective of whether that eighth {{eqderivprov|Scheduled Trading Day}} <br>is already an {{eqderivprov|Averaging Date}}), and (2) the {{isdaprov|Calculation Agent}} shall determine the relevant <br>level or price for that {{eqderivprov|Averaging Date}} in accordance with Section {{eqderivprov|6.6}}; <br>
 ::(B) in the case of an {{eqderivprov|Index Basket Transaction}} or a Share Basket <br>Transaction, the {{eqderivprov|Averaging Date}} for each {{eqderivprov|Index}} or {{eqderivprov|Share}} not affected by the occurrence <br>of a {{eqderivprov|Disrupted Day}} shall be the date specified in the {{eqderivprov|Confirmation}} as an {{eqderivprov|Averaging Date}} <br>in respect of the relevant {{eqderivprov|Valuation Date}} and the {{eqderivprov|Averaging Date}} for an {{eqderivprov|Index}} or {{eqderivprov|Share}} <br>affected by the occurrence of a {{eqderivprov|Disrupted Day}} shall be the first succeeding {{eqderivprov|Valid Date}} in <br>relation to such {{eqderivprov|Index}} or {{eqderivprov|Share}}. If the first succeeding {{eqderivprov|Valid Date}} in respect of such <br>{{eqderivprov|Index}} or {{eqderivprov|Share}} has not occurred as of the {{eqderivprov|Valuation Time}} on the eighth Scheduled <br>Trading Day immediately following the original date that, but for the occurrence of <br>another {{eqderivprov|Averaging Date}} or {{eqderivprov|Disrupted Day}}, would have been the final {{eqderivprov|Averaging Date}} in <br>relation to the relevant {{eqderivprov|Scheduled Valuation Date}}, then (1) that eighth Scheduled Trading <br>Day shall be deemed to be the {{eqderivprov|Averaging Date}} (irrespective of whether that eighth <br>{{eqderivprov|Scheduled Trading Day}} is already an {{eqderivprov|Averaging Date}}) in respect of such {{eqderivprov|Index}} or {{eqderivprov|Share}}, <br>and (2) the {{isdaprov|Calculation Agent}} shall determine the relevant level, price or amount for that <br>{{eqderivprov|Averaging Date}} in accordance with Section {{eqderivprov|6.6}}; and <br>
 ::(C) "'''{{eqderivprov|Valid Date}}'''" shall mean a {{eqderivprov|Scheduled Trading Day}} that is not a Disrupted <br>Day and on which another {{eqderivprov|Averaging Date}} in respect of the relevant {{eqderivprov|Valuation Date}} does <br>not or is not deemed to occur. <br>