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