Template:Nutshell Equity Derivatives 10.3: Difference between revisions

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{{eqderivprov|10.3}}. “'''{{eqderivprov|Dividend Period}}'''” can be the {{eqderivprov|First Period}} or the {{eqderivprov|Second Period}}, and if not otherwise specified, will be the {{eqderivprov|Second Period}}.  
{{eqderivprov|10.3}}. “'''{{eqderivprov|Dividend Period}}'''” means the {{eqderivprov|Second Period}}, unless specified as the {{eqderivprov|First Period}}.  
:{{eqderivprov|10.3(a)}} The “'''{{eqderivprov|First Period}}'''” starts on the {{eqderivprov|Clearance System Business Day}} one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Trade Date}} and then runs from one {{eqderivprov|Cash Settlement Payment Date}} or {{eqderivprov|Settlement Date}} to the next.  
:{{eqderivprov|10.3(a)}} The “'''{{eqderivprov|First Period}}'''” starts on the {{eqderivprov|Clearance System Business Day}} one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Trade Date}} and then runs from one {{eqderivprov|Cash Settlement Payment Date}} or {{eqderivprov|Settlement Date}} to the next.  
:{{eqderivprov|10.3(b)}} The “'''{{eqderivprov|Second Period}}'''” starts on the {{eqderivprov|Trade Date}} and then runs from one {{eqderivprov|Valuation Date}} to the next {{eqderivprov|Valuation Date}}, ending on the final {{eqderivprov|Valuation Date}} (unless it is a {{eqderivprov|Physically-settled}} {{eqderivprov|Forward Transaction}} to which {{eqderivprov|Variable Obligation}} doesn't apply, in which case it ends one {{eqderivprov|Settlement Cycle}} before the {{eqderivprov|Settlement Date}}).
:{{eqderivprov|10.3(b)}} The “'''{{eqderivprov|Second Period}}'''” starts on the {{eqderivprov|Trade Date}} and then runs from one {{eqderivprov|Valuation Date}} to the next, ending on the final {{eqderivprov|Valuation Date}} (unless it is a {{eqderivprov|Physically-settled}} {{eqderivprov|Forward Transaction}} to which {{eqderivprov|Variable Obligation}} doesn’t apply, in which case it ends a {{eqderivprov|Settlement Cycle}} before the {{eqderivprov|Settlement Date}}).