Template:Nutshell Equity Derivatives 9.7: Difference between revisions

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Section {{eqderivprov|9.7}}. '''{{eqderivprov|Fractional Share Amount}}'''. “'''{{eqderivprov|Fractional Share Amount}}'''” means an amount in the {{eqderivprov|Settlement Currency}} representing the fractional {{eqderivprov|Share}} resulting from the calculation of the {{eqderivprov|Number of Shares to be Delivered}} or the {{eqderivprov|Number of Baskets to be Delivered}} in respect of a {{eqderivprov|Transaction}} as determined by the {{eqderivprov|Calculation Agent}} multiplied by: <br>
{{eqderivprov|9.7}}. “'''{{eqderivprov|Fractional Share Amount}}'''” means a {{eqderivprov|Settlement Currency}} amount representing any fractional {{eqderivprov|Share}} in a {{eqderivprov|Number of Shares to be Delivered}} or the {{eqderivprov|Number of Baskets to be Delivered}} multiplied by: <br>
:(a) in respect of a {{eqderivprov|Share Option Transaction}} or a {{eqderivprov|Share Basket Option Transaction}}, the {{eqderivprov|Settlement Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Exercise Date}} (determined assuming Cash Settlement were applicable and the {{eqderivprov|Exercise Date}} were the {{eqderivprov|Valuation Date}}); <br>
:(a) '''{{eqderivprov|Share Option Transaction}}s and {{eqderivprov|Share Basket Option Transaction}}s''': the {{eqderivprov|Settlement Price}} for that {{eqderivprov|Share}} on the {{eqderivprov|Exercise Date}} (assuming {{eqderivprov|Cash Settlement}} with an {{eqderivprov|Exercise Date}} of the {{eqderivprov|Valuation Date}}); <br>
:(b) in respect of a {{eqderivprov|Share Forward Transaction}} or a {{eqderivprov|Share Basket Forward Transaction}}, the {{eqderivprov|Settlement Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} related to the relevant {{eqderivprov|Settlement Date}} (or, if there is no such {{eqderivprov|Valuation Date}}, the date that is one {{eqderivprov|Settlement Cycle}} prior to the relevant {{eqderivprov|Settlement Date}}); and <br>
:(b) '''{{eqderivprov|Share Forward Transaction}}s and {{eqderivprov|Share Basket Forward Transaction}}s''': the {{eqderivprov|Settlement Price}} for that {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} for that {{eqderivprov|Settlement Date}} (or, if none, the date one {{eqderivprov|Settlement Cycle}} before the {{eqderivprov|Settlement Date}}); and <br>
:(c) in respect of a {{eqderivprov|Share Swap Transaction}} or a {{eqderivprov|Share Basket Swap Transaction}}, the {{eqderivprov|Final Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} related to the relevant {{eqderivprov|Settlement Date}} (or, if there is no such {{eqderivprov|Valuation Date}}, the date that is one {{eqderivprov|Settlement Cycle}} prior to the relevant {{eqderivprov|Settlement Date}}). <br>
:(c) '''{{eqderivprov|Share Swap Transaction}}s and {{eqderivprov|Share Basket Swap Transaction}}s''': the {{eqderivprov|Final Price}} for the {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} for that {{eqderivprov|Settlement Date}} (or, if none, the date one {{eqderivprov|Settlement Cycle}} before the {{eqderivprov|Settlement Date}}). <br>

Latest revision as of 08:24, 12 May 2022

9.7. “Fractional Share Amount” means a Settlement Currency amount representing any fractional Share in a Number of Shares to be Delivered or the Number of Baskets to be Delivered multiplied by:

(a) Share Option Transactions and Share Basket Option Transactions: the Settlement Price for that Share on the Exercise Date (assuming Cash Settlement with an Exercise Date of the Valuation Date);
(b) Share Forward Transactions and Share Basket Forward Transactions: the Settlement Price for that Share on the Valuation Date for that Settlement Date (or, if none, the date one Settlement Cycle before the Settlement Date); and
(c) Share Swap Transactions and Share Basket Swap Transactions: the Final Price for the Share on the Valuation Date for that Settlement Date (or, if none, the date one Settlement Cycle before the Settlement Date).
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