Template:Nutshell Equity Derivatives 11.3: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{eqderivprov|11.3}}. '''{{eqderivprov|Adjustments to Certain Share Transactions and Share Basket Transactions in European Currencies}}'''. If any {{eqderivprov|Shares}} | {{eqderivprov|11.3}}. '''{{eqderivprov|Adjustments to Certain Share Transactions and Share Basket Transactions in European Currencies}}'''. If any {{eqderivprov|Shares}} were quoted in a pre-[[Euro]] currency after the {{eqderivprov|Trade Date}} quoted exclusively in {{eqderivprov|euro}} on the relevant {{eqderivprov|Exchange}} or principal market, the {{eqderivprov|Calculation Agent}} will adjust any variable relevant to the {{eqderivprov|Transaction}} to preserve the economic terms of the {{eqderivprov|Transaction}}. The {{eqderivprov|Calculation Agent}} will make necessary conversions as of the {{eqderivprov|Valuation Time}} at an appropriate mid-market spot rate as at the {{eqderivprov|Valuation Time}}. No adjustments under this Section will affect the denomination of any payment due under the {{eqderivprov|Transaction}}. <br> | ||
Latest revision as of 13:41, 12 May 2022
11.3. Adjustments to Certain Share Transactions and Share Basket Transactions in European Currencies. If any Shares were quoted in a pre-Euro currency after the Trade Date quoted exclusively in euro on the relevant Exchange or principal market, the Calculation Agent will adjust any variable relevant to the Transaction to preserve the economic terms of the Transaction. The Calculation Agent will make necessary conversions as of the Valuation Time at an appropriate mid-market spot rate as at the Valuation Time. No adjustments under this Section will affect the denomination of any payment due under the Transaction.