Template:2002 ISDA Equity Derivatives Definitions 1.25: Difference between revisions
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Section '''{{eqderivprov|1.25}}'''. '''{{eqderivprov|Exchange}}'''. | Section '''{{eqderivprov|1.25}}'''. '''{{eqderivprov|Exchange}}'''. “'''{{eqderivprov|Exchange}}'''” means: | ||
:{{eqderivprov|1.25(a)}} in respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, each | :{{eqderivprov|1.25(a)}} in respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, each exchange or quotation system specified as such for such {{eqderivprov|Index}} in the related {{eqderivprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in the {{eqderivprov|Shares}} underlying such {{eqderivprov|Index}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to the {{eqderivprov|Shares}} underlying such {{eqderivprov|Index}} on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Exchange}}); and | ||
:{{eqderivprov|1.25(b)}} in respect of a {{eqderivprov|Share}} relating to a {{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each | :{{eqderivprov|1.25(b)}} in respect of a {{eqderivprov|Share}} relating to a {{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each exchange or quotation system specified as such for such {{eqderivprov|Share}} in the related {{eqderivprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in the {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to such Share on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Exchange}}). <br> | ||
Latest revision as of 15:00, 23 April 2018
Section 1.25. Exchange. “Exchange” means:
- 1.25(a) in respect of an Index relating to an Index Transaction or Index Basket Transaction, each exchange or quotation system specified as such for such Index in the related Confirmation, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in the Shares underlying such Index has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to the Shares underlying such Index on such temporary substitute exchange or quotation system as on the original Exchange); and
- 1.25(b) in respect of a Share relating to a Share Transaction or Share Basket Transaction, each exchange or quotation system specified as such for such Share in the related Confirmation, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in the Share has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to such Share on such temporary substitute exchange or quotation system as on the original Exchange).