Template:Nutshell Equity Derivatives 12.2(e): Difference between revisions
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Amwelladmin (talk | contribs) Created page with "{{subst:Nutshell Equity Derivatives 12.3(d)}}" |
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:{{eqderivprov|12.2(e)}} If “'''{{eqderivprov|Modified Calculation Agent Adjustment}}'''” is specified then, after the {{eqderivprov|Merger Date}}, the {{eqderivprov|Calculation Agent}} will either | |||
:{{eqderivprov|12. | ::(i) adjust the {{eqderivprov|Transaction}} to account for the economic effect of the {{eqderivprov|Merger Date}} in its determination, or | ||
::(ii) if that would not produce a [[commercially reasonable]] result, terminate the {{eqderivprov|Transaction}}, at “{{eqderivprov|Cancellation and Payment}}” (or, for an {{eqderivprov|Option Transaction}}, “{{eqderivprov|Calculation Agent Determination}}”) under Section {{eqderivprov|12.7}}. <br> | |||
Latest revision as of 13:22, 3 May 2022
- 12.2(e) If “Modified Calculation Agent Adjustment” is specified then, after the Merger Date, the Calculation Agent will either
- (i) adjust the Transaction to account for the economic effect of the Merger Date in its determination, or
- (ii) if that would not produce a commercially reasonable result, terminate the Transaction, at “Cancellation and Payment” (or, for an Option Transaction, “Calculation Agent Determination”) under Section 12.7.