Template:2002 ISDA Equity Derivatives Definitions 11.4: Difference between revisions
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Section {{eqderivprov|11.4}}. '''{{eqderivprov|Correction of Share Prices and Index Levels}}'''. In the event that any price or level | Section {{eqderivprov|11.4}}. '''{{eqderivprov|Correction of Share Prices and Index Levels}}'''. [[In the event that]] any price or level published on the {{eqderivprov|Exchange}} or by the {{eqderivprov|Index Sponsor}} and which is utilized for any calculation or determination made under a {{isdaprov|Transaction}} is subsequently corrected and the correction is published by the {{eqderivprov|Exchange}} or the {{eqderivprov|Index Sponsor}} within one {{eqderivprov|Settlement Cycle}} after the original publication, either party may notify the other party of that correction and the {{eqderivprov|Calculation Agent}} will determine the amount that is payable or deliverable as a result of that correction, and, to the extent necessary, will adjust the terms of such {{isdaprov|Transaction}} to account for such correction. <br> | ||
Latest revision as of 14:09, 3 September 2018
Section 11.4. Correction of Share Prices and Index Levels. In the event that any price or level published on the Exchange or by the Index Sponsor and which is utilized for any calculation or determination made under a Transaction is subsequently corrected and the correction is published by the Exchange or the Index Sponsor within one Settlement Cycle after the original publication, either party may notify the other party of that correction and the Calculation Agent will determine the amount that is payable or deliverable as a result of that correction, and, to the extent necessary, will adjust the terms of such Transaction to account for such correction.