Template:M summ Equity Derivatives 7

Settlement Method Election

Much, much simpler than ISDA’s crack drafting squad™ would have you believe. If you have the option to select Cash Settlement or Physical Settlement, then you have to elect that, and if you don’t, the specified fall-backs —either in the Confirmation, or if not, in the 2002 ISDA Equity Derivatives Definitions — will apply.

A work-a-day, sensible provision rendered ghoulish by ISDA’s crack drafting squad™ and its depraved way with words.