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Template:Nutshell Equity Derivatives 12.9(b): Difference between revisions
Template:Nutshell Equity Derivatives 12.9(b) (view source)
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{| class="wikitable" | {| class="wikitable" | ||
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! style="width: 23%" | Event | |||
! style="width: 7%" |Section | |||
! style="width: 55%" | What happens? | |||
! style="width: 15%" |At what price? | |||
{{aligntop}} | {{aligntop}} | ||
|'''[[Consequences of Change in Law or Insolvency Filing - Equity Derivatives Provision|Change in Law or Insolvency Filing]]''' || {{eqderivprov|12.9(b)(i)}} || Either party gives 2 {{eqderivprov|Scheduled Trading Days}}’ notice to terminate || {{eqderivprov|Cancellation Amount}} | |'''[[Consequences of Change in Law or Insolvency Filing - Equity Derivatives Provision|Change in Law or Insolvency Filing]]''' || {{eqderivprov|12.9(b)(i)}} || Either party gives 2 {{eqderivprov|Scheduled Trading Days}}’ notice to terminate || {{eqderivprov|Cancellation Amount}} | ||
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|'''[[Consequences of Hedging Disruption - Equity Derivatives Provision|Hedging Disruption]]''' || {{eqderivprov|12.9(b)(iii)}} || The {{eqderivprov|Hedging Party}} may terminate on 2 {{eqderivprov|Scheduled Trading Days}}’ notice || {{eqderivprov|Cancellation Amount}} | |'''[[Consequences of Hedging Disruption - Equity Derivatives Provision|Hedging Disruption]]''' || {{eqderivprov|12.9(b)(iii)}} || The {{eqderivprov|Hedging Party}} may terminate on 2 {{eqderivprov|Scheduled Trading Days}}’ notice || {{eqderivprov|Cancellation Amount}} | ||
{{aligntop}} | {{aligntop}} | ||
|'''[[Consequences of Increased Cost of Hedging - Equity Derivatives Provision|Increased Cost of Hedging]]''' || {{eqderivprov|12.9(b)(iv)}} || {{eqderivprov|Hedging Party}} notifies a {{eqderivprov|Price Adjustment}}. {{eqderivprov|Non-Hedging Party}} may<br>(i) agree to amend {{eqderivprov|Transaction}};<br>(ii) pay the {{eqderivprov|Price Adjustment}} outright; or <br>(iii) terminate. If NHP has done none within 2 {{eqderivprov|Scheduled Trading Days}} the {{eqderivprov|Hedging Party}} can terminate.|| {{eqderivprov|Cancellation Amount}} | |'''[[Consequences of Increased Cost of Hedging - Equity Derivatives Provision|Increased Cost of Hedging]]''' || {{eqderivprov|12.9(b)(iv)}} || {{eqderivprov|Hedging Party}} notifies a {{eqderivprov|Price Adjustment}}. {{eqderivprov|Non-Hedging Party}} may<br>(i) agree to amend {{eqderivprov|Transaction}};<br>(ii) pay the {{eqderivprov|Price Adjustment}} outright; or <br>(iii) terminate. <br>If NHP has done none within 2 {{eqderivprov|Scheduled Trading Days}} the {{eqderivprov|Hedging Party}} can terminate.|| {{eqderivprov|Cancellation Amount}} | ||
{{aligntop}} | {{aligntop}} | ||
|'''[[12.9(b)(iv) - Equity Derivatives Provision|Loss of Stock Borrow]]''' || {{eqderivprov|12.9(b)(iv)}} || The {{eqderivprov|Hedging Party}} notifies the LOSB, the {{eqderivprov|Non-Hedging Party}} has two {{eqderivprov|Scheduled Trading Day}}s to come up with a [[stock loan]] at a rate no higher than the {{eqderivprov|Maximum Stock Loan Rate}}, failing which the {{eqderivprov|Hedging Party}} may terminate || {{eqderivprov|Cancellation Amount}} | |'''[[12.9(b)(iv) - Equity Derivatives Provision|Loss of Stock Borrow]]''' || {{eqderivprov|12.9(b)(iv)}} || The {{eqderivprov|Hedging Party}} notifies the LOSB, the {{eqderivprov|Non-Hedging Party}} has two {{eqderivprov|Scheduled Trading Day}}s to come up with a [[stock loan]] at a rate no higher than the {{eqderivprov|Maximum Stock Loan Rate}}, failing which the {{eqderivprov|Hedging Party}} may terminate || {{eqderivprov|Cancellation Amount}} | ||