Template:Nutshell Equity Derivatives 6.3(a): Difference between revisions
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{{eqderivprov|6.3(a)}} “{{eqderivprov|Market Disruption Event}}” means | {{eqderivprov|6.3(a)}} “'''{{eqderivprov|Market Disruption Event}}'''” means | ||
:(i) a material {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} to a {{eqderivprov|Share}} or {{eqderivprov|Index}} during the hour before the {{eqderivprov|Valuation Time}} (etc), or | |||
:(ii) an {{eqderivprov|Early Closure}}. <br> | |||
To work out whether there is a {{eqderivprov|Market Disruption Event}} on an {{eqderivprov|Index}} due to a {{eqderivprov|Market Disruption Event}} on one of its component securities, the {{isdaprov|Calculation Agent}} will determine the percentage that security contributes to the {{eqderivprov|Index}} by comparing | |||
:(x) how much of the {{eqderivprov|Index}} level is attributable to that security with | |||
:(y) the {{eqderivprov|Index}} level just before the {{eqderivprov|Market Disruption Event}} happened.<br> | |||
Latest revision as of 09:47, 5 April 2018
6.3(a) “Market Disruption Event” means
- (i) a material Trading Disruption or Exchange Disruption to a Share or Index during the hour before the Valuation Time (etc), or
- (ii) an Early Closure.
To work out whether there is a Market Disruption Event on an Index due to a Market Disruption Event on one of its component securities, the Calculation Agent will determine the percentage that security contributes to the Index by comparing
- (x) how much of the Index level is attributable to that security with
- (y) the Index level just before the Market Disruption Event happened.