Template:Nutshell Equity Derivatives 7.1: Difference between revisions

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Created page with "Section {{eqderivprov|7.1}}. If “'''{{eqderivprov|Settlement Method Election}}'''” applies then the “'''{{eqderivprov|Electing Party}}'''” being the party entitled to..."
 
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Section {{eqderivprov|7.1}}. If “'''{{eqderivprov|Settlement Method Election}}'''” applies then the “'''{{eqderivprov|Electing Party}}'''” being the party entitled to make the election (or, if not specified, {{eqderivprov|Buyer}} or the {{eqderivprov|Equity Amount Receiver}}) must give irrevocable notice of its election of {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}} for the {{eqderivprov|Transaction}} by the {{eqderivprov|Settlement Method Election Date}} to be confirmed in writing within one {{eqderivprov|Scheduled Trading Day}}. If the {{eqderivprov|Electing Party}} does not elect a settlement method, it will be specified “'''{{eqderivprov|Default Settlement Method}}'''” if one is specified, of Cash Settlement for {{eqderivprov|Index Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s and {{eqderivprov|Physical Settlement}} for {{eqderivprov|Share Forward Transaction}} and {{eqderivprov|Share Basket Forward Transaction}}s if not. <br>
{{eqderivprov|7.1}}. If “'''{{eqderivprov|Settlement Method Election}}'''” applies then the “'''{{eqderivprov|Electing Party}}'''” (if one is specified, or the {{eqderivprov|Buyer}} or the {{eqderivprov|Equity Amount Receiver}} if not) must give irrevocable notice of its election of {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}} for the {{eqderivprov|Transaction}} by the {{eqderivprov|Settlement Method Election Date}}.  
 
If the {{eqderivprov|Electing Party}} does not elect a settlement method, it will be the specified “'''{{eqderivprov|Default Settlement Method}}'''” if one is specified, or {{eqderivprov|Cash Settlement}} (for {{eqderivprov|Index Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s) and {{eqderivprov|Physical Settlement}} (for {{eqderivprov|Share Forward Transaction}}s and {{eqderivprov|Share Basket Forward Transaction}}s) if not. <br>

Latest revision as of 12:15, 13 May 2022

7.1. If “Settlement Method Election” applies then the “Electing Party” (if one is specified, or the Buyer or the Equity Amount Receiver if not) must give irrevocable notice of its election of Cash Settlement or Physical Settlement for the Transaction by the Settlement Method Election Date.

If the Electing Party does not elect a settlement method, it will be the specified “Default Settlement Method” if one is specified, or Cash Settlement (for Index Transactions and Equity Swap Transactions) and Physical Settlement (for Share Forward Transactions and Share Basket Forward Transactions) if not.

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