Template:Nutshell Equity Derivatives 6.7(c)(iii): Difference between revisions

:::(A) in the case of an {{eqderivprov|Index Transaction}} or a {{eqderivprov|Share Transaction}}, the {{eqderivprov|Averaging Date}} shall be the first succeeding {{eqderivprov|Valid Date}}. If the first succeeding Valid Date has not occurred as of the {{eqderivprov|Valuation Time}} on the eighth {{eqderivprov|Scheduled Trading Day}} immediately following the original date that, but for the occurrence of another Averaging Date or {{eqderivprov|Disrupted Day}}, would have been the final {{eqderivprov|Averaging Date}} in respect of the relevant {{eqderivprov|Scheduled Valuation Date}}, then (1) that eighth {{eqderivprov|Scheduled Trading Day}} shall be deemed the {{eqderivprov|Averaging Date}} (irrespective of whether that eighth {{eqderivprov|Scheduled Trading Day}} is already an {{eqderivprov|Averaging Date}}), and (2) the {{isdaprov|Calculation Agent}} shall determine the relevant level or price for that {{eqderivprov|Averaging Date}} in accordance with Section {{eqderivprov|6.6}};  

:::(B) in the case of an {{eqderivprov|Index Basket Transaction}} or a Share Basket Transaction, the {{eqderivprov|Averaging Date}} for each {{eqderivprov|Index}} or {{eqderivprov|Share}} not affected by the occurrence of a {{eqderivprov|Disrupted Day}} shall be the date specified in the {{eqderivprov|Confirmation}} as an {{eqderivprov|Averaging Date}} in respect of the relevant {{eqderivprov|Valuation Date}} and the {{eqderivprov|Averaging Date}} for an {{eqderivprov|Index}} or {{eqderivprov|Share}} affected by the occurrence of a {{eqderivprov|Disrupted Day}} shall be the first succeeding {{eqderivprov|Valid Date}} in relation to such {{eqderivprov|Index}} or {{eqderivprov|Share}}. If the first succeeding {{eqderivprov|Valid Date}} in respect of such {{eqderivprov|Index}} or {{eqderivprov|Share}} has not occurred as of the {{eqderivprov|Valuation Time}} on the eighth Scheduled Trading Day immediately following the original date that, but for the occurrence of another {{eqderivprov|Averaging Date}} or {{eqderivprov|Disrupted Day}}, would have been the final {{eqderivprov|Averaging Date}} in relation to the relevant {{eqderivprov|Scheduled Valuation Date}}, then (1) that eighth Scheduled Trading Day shall be deemed to be the {{eqderivprov|Averaging Date}} (irrespective of whether that eighth {{eqderivprov|Scheduled Trading Day}} is already an {{eqderivprov|Averaging Date}}) in respect of such {{eqderivprov|Index}} or {{eqderivprov|Share}}, and (2) the {{isdaprov|Calculation Agent}} shall determine the relevant level, price or amount for that {{eqderivprov|Averaging Date}} in accordance with Section {{eqderivprov|6.6}}; and  

:::(C) “'''{{eqderivprov|Valid Date}}'''” shall mean a {{eqderivprov|Scheduled Trading Day}} that is not a Disrupted Day and on which another {{eqderivprov|Averaging Date}} in respect of the relevant {{eqderivprov|Valuation Date}} does not or is not deemed to occur. <br>