Template:2002 ISDA Equity Derivatives Definitions 3.4(c): Difference between revisions
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Amwelladmin (talk | contribs) Created page with ":{{eqderivprov|3.4(c)}} “'''{{eqderivprov|In-the-Money}}'''” means (i) in respect of a {{eqderivprov|Call}}, that (A) the Reference Price is equal to or greater than the p..." |
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:{{eqderivprov|3.4(c)}} “'''{{eqderivprov|In-the-Money}}'''” means (i) in respect of a {{eqderivprov|Call}}, that (A) the Reference Price is equal to or greater than the price for a Share at which any {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option with the {{eqderivprov|Strike Price}} relating to such Share, or (B) if no options relating to such Share are listed on any {{eqderivprov|Related Exchange}} or no {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the Reference Price is greater than the {{eqderivprov|Strike Price}}; and (ii) in respect of a {{eqderivprov|Put}}, that (A) the Reference Price is equal to or less than the price for a Share at which any {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option with the {{eqderivprov|Strike Price}} relating to such Share, or (B) if no options relating to such Share are listed on any {{eqderivprov|Related Exchange}} or no {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the Reference Price is less than the {{eqderivprov|Strike Price}}. | :{{eqderivprov|3.4(c)}} “'''{{eqderivprov|In-the-Money}}'''” means | ||
::(i) in respect of a {{eqderivprov|Call}}, that (A) the Reference Price is equal to or greater than the price for a Share at which any {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option with the {{eqderivprov|Strike Price}} relating to such Share, or (B) if no options relating to such Share are listed on any {{eqderivprov|Related Exchange}} or no {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the Reference Price is greater than the {{eqderivprov|Strike Price}}; and | |||
::(ii) in respect of a {{eqderivprov|Put}}, that (A) the Reference Price is equal to or less than the price for a Share at which any {{eqderivprov|Related Exchange}} would automatically exercise a {{eqderivprov|Physically-settled}} option with the {{eqderivprov|Strike Price}} relating to such Share, or (B) if no options relating to such Share are listed on any {{eqderivprov|Related Exchange}} or no {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the Reference Price is less than the {{eqderivprov|Strike Price}}. | |||
Latest revision as of 11:56, 26 April 2018
- 3.4(c) “In-the-Money” means
- (i) in respect of a Call, that (A) the Reference Price is equal to or greater than the price for a Share at which any Related Exchange would automatically exercise a Physically-settled option with the Strike Price relating to such Share, or (B) if no options relating to such Share are listed on any Related Exchange or no Related Exchange is specified in the related Confirmation, the Reference Price is greater than the Strike Price; and
- (ii) in respect of a Put, that (A) the Reference Price is equal to or less than the price for a Share at which any Related Exchange would automatically exercise a Physically-settled option with the Strike Price relating to such Share, or (B) if no options relating to such Share are listed on any Related Exchange or no Related Exchange is specified in the related Confirmation, the Reference Price is less than the Strike Price.