Template:Nutshell Equity Derivatives 11.2(d): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
VisualWikitext
Created page with "{{subst:2002 ISDA Equity Derivatives Definitions 11.2(d)}}"
 
No edit summary
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
 
:{{eqderivprov|11.2(d)}} “'''{{eqderivprov|Options Exchange}}'''” will be specified in the {{eqderivprov|Confirmation}} and includes any successor or substitute exchange or quotation system on which options contracts on the {{eqderivprov|Share}}s have relocated (on which the {{eqderivprov|Calculation Agent}} is satisfied there is comparable liquidity). If one is not specified, it will be the {{eqderivprov|Related Exchange}} the {{eqderivprov|Calculation Agent}} determines is the primary market for listed options contracts relating to the relevant {{eqderivprov|Share}}. <br>
:{{eqderivprov|11.2(d)}} “'''{{eqderivprov|Options Exchange}}'''” means the exchange or quotation system specified as such in the related {{eqderivprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in options contracts relating to the relevant {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to such options contracts on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Options Exchange}}) or, if no such exchange or quotation system is specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Related Exchange}} (if such {{eqderivprov|Related Exchange}} trades options contracts relating to the relevant Share) or, if more than one such {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Related Exchange}} selected by the {{eqderivprov|Calculation Agent}} as the primary market for listed options contracts relating to the relevant {{eqderivprov|Share}}. <br>

Latest revision as of 11:26, 12 May 2022

11.2(d) “Options Exchange” will be specified in the Confirmation and includes any successor or substitute exchange or quotation system on which options contracts on the Shares have relocated (on which the Calculation Agent is satisfied there is comparable liquidity). If one is not specified, it will be the Related Exchange the Calculation Agent determines is the primary market for listed options contracts relating to the relevant Share.
Retrieved from "https://jollycontrarian.com/index.php?title=Template:Nutshell_Equity_Derivatives_11.2(d)&oldid=64165"