Template:M summ Equity Derivatives 10.1(b): Difference between revisions
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Spoiler: referencing the {{eqderivprov|Ex Amount}} or the {{eqderivprov|Record Amount}} for a manufactured distribution under an [[equity derivative]] doesn’t make much sense. Referencing the {{eqderivprov|Paid Amount}} ''would'', had {{icds}} drafted it properly. The [[JC]] has a proposed [[Paid Amount (Dividend Amount) - Equity Derivatives Provision|fix]]. | Spoiler: referencing the {{eqderivprov|Ex Amount}} or the {{eqderivprov|Record Amount}} for a manufactured distribution under an [[equity derivative]] doesn’t make much sense. Referencing the {{eqderivprov|Paid Amount}} ''would'', had {{icds}} drafted it properly. The [[JC]] has a proposed [[Paid Amount (Dividend Amount) - Equity Derivatives Provision|fix]]. | ||
Note how a [[coronavirus|an unexpected cessation of all non-essential economic activity in the western world]] has threatened to reveal embedded [[snafu]] drafting in the Equity Derivatives Definitions. See the “For completists” section below for more. | |||
Revision as of 15:37, 27 March 2020
A key part of the Kafkaesque labyrinth you must navigate to work out how much, and when, your Dividend Amount (or, if you’re looking at paragraph 10.7(b), Extraordinary Dividend) will be paid.
Spoiler: referencing the Ex Amount or the Record Amount for a manufactured distribution under an equity derivative doesn’t make much sense. Referencing the Paid Amount would, had ISDA’s crack drafting squad™ drafted it properly. The JC has a proposed fix.
Note how a an unexpected cessation of all non-essential economic activity in the western world has threatened to reveal embedded snafu drafting in the Equity Derivatives Definitions. See the “For completists” section below for more.