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| {{eqderivanat|1.26}}
| | #redirect[[Exchanges, Clearing Systems and Currencies - Equity Derivatives Provision]] |
| Relevant to {{eqderivprov|Market Disruption Event}}. See also the related definition at "'''{{eqderivprov|Exchange}}'''”.
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| In each case, the relevant {{eqderivprov|Exchange}} or {{eqderivprov|Related Exchange}} is simply the exchange specified as such in the {{isdaprov|Confirmation}}.
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| There is a corresponding fallback to substitute exchanges (what we our our nutshelly way call “{{eqderivprov|Alternative Exchange}}s”) to which trading has temporarily located, although it is expresses slightly differently (more succinctly) here.
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| ===And the difference between {{eqderivprov|Exchange}} and {{eqderivprov|Related Exchange}} is what exactly?===
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| The difference between the two is the inclusion in {{eqderivprov|Related Exchange}} of the “{{eqderivprov|All Exchanges}}” [[proviso]]. In practice this is what you tend to see — “{{eqderivprov|Related Exchanges}}”, if used, is set to “{{eqderivprov|All Exchanges}}”:
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| {{quote|...provided, however, that where “{{eqderivprov|All Exchanges}}” is specified as the {{eqderivprov|Related Exchange}} in the related {{isdaprov|Confirmation}}, “{{eqderivprov|Related Exchange}}” shall mean each exchange or quotation system where trading has a material effect (as determined by the {{eqderivprov|Calculation Agent}}) on the overall market for futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}}.}}
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| {{seealso}}
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| *{{eqderivprov|1.25}} {{eqderivprov|Exchange}}
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Latest revision as of 13:06, 18 May 2022