Template:Nutshell Equity Derivatives 6.7(b): Difference between revisions

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:{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. The {{eqderivprov|Settlement Price}} or {{eqderivprov|Final Price}} for a {{eqderivprov|Valuation Date}} will be:
:{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. For purposes of determining the Settlement Price or the {{eqderivprov|Final Price}}, as the case may be, in respect of a {{eqderivprov|Valuation Date}}, the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} will be:
::(i) '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}s''': The average of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}};  
::(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}};  
::(ii) '''{{eqderivprov|Index Basket Transaction}}s''': The average for the {{eqderivprov|Basket}} the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average for the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of {{eqderivprov|Relevant Price}}s for each {{eqderivprov|Index}} in the {{eqderivprov|Basket}}; and  
::(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and  
::(iii) '''{{eqderivprov|Cash-settled}} {{eqderivprov|Share Basket Transaction}}s''': The average of the {{eqderivprov|Basket}}s the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average of the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of each {{eqderivprov|Share}} determined as ''{{eqderivprov|Relevant Price}} x {{eqderivprov|Number of Shares}}''. <br>
::(iii) in respect of a {{eqderivprov|Cash-settled Share Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the values calculated for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of (A) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and (B) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. <br>

Latest revision as of 15:15, 11 May 2022

6.7(b) Settlement Price and Final Price. The Settlement Price or Final Price for a Valuation Date will be:
(i) Index Transactions and Cash-settled Share Transactions: The average of the Relevant Prices of the Index or the Shares on each Averaging Date;
(ii) Index Basket Transactions: The average for the Basket the Calculation Agent determines using the method set out in the Confirmation at the Valuation Time on each Averaging Date or, if not so set out, the average for the Baskets it determines on the Averaging Date as the sum of Relevant Prices for each Index in the Basket; and
(iii) Cash-settled Share Basket Transactions: The average of the Baskets the Calculation Agent determines using the method set out in the Confirmation at the Valuation Time on each Averaging Date or, if not so set out, the average of the Baskets it determines on the Averaging Date as the sum of each Share determined as Relevant Price x Number of Shares.
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