Template:2002 ISDA Equity Derivatives Definitions 3.1(a): Difference between revisions
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:{{eqderivprov|3.1(a)}} '''{{eqderivprov|Exercise Period}}'''. “'''{{eqderivprov|Exercise Period}}'''” means, unless otherwise specified in the related {{eqderivprov|Confirmation}}, | :{{eqderivprov|3.1(a)}} '''{{eqderivprov|Exercise Period}}'''. “'''{{eqderivprov|Exercise Period}}'''” means, unless otherwise specified in the related {{eqderivprov|Confirmation}}, <br> | ||
::(i) in respect of an {{eqderivprov|American Option}}, all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br> | ::(i) in respect of an {{eqderivprov|American Option}}, all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br> | ||
::(ii) in respect of a {{eqderivprov|Bermuda Option}}, each {{eqderivprov|Potential Exercise Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}} and the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br> | ::(ii) in respect of a {{eqderivprov|Bermuda Option}}, each {{eqderivprov|Potential Exercise Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}} and the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br> | ||
::(iii) in respect of a {{eqderivprov|European Option}}, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br> | ::(iii) in respect of a {{eqderivprov|European Option}}, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br> | ||
:All times specified in this paragraph shall be, unless otherwise specified in the related {{eqderivprov|Confirmation}}, local time in the location specified in the related {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} of notices relating to the {{eqderivprov|Transaction}} or, where an agent is designated by {{eqderivprov|Seller}} for the purpose of receiving notice of exercise (“'''{{eqderivprov|Seller’s Agent}}'''”), local time in the specified location of {{eqderivprov|Seller’s Agent}} or, where no such location is specified in the related {{eqderivprov|Confirmation}}, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br> | :All times specified in this paragraph shall be, unless otherwise specified in the related {{eqderivprov|Confirmation}}, local time in the location specified in the related {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} of notices relating to the {{eqderivprov|Transaction}} or, where an agent is designated by {{eqderivprov|Seller}} for the purpose of receiving notice of exercise (“'''{{eqderivprov|Seller’s Agent}}'''”), local time in the specified location of {{eqderivprov|Seller’s Agent}} or, where no such location is specified in the related {{eqderivprov|Confirmation}}, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br> | ||
Latest revision as of 10:27, 25 April 2018
- 3.1(a) Exercise Period. “Exercise Period” means, unless otherwise specified in the related Confirmation,
- (i) in respect of an American Option, all Scheduled Trading Days from, and including, the Commencement Date to, and including, the Expiration Date between 9:00 a.m. and the Latest Exercise Time,
- (ii) in respect of a Bermuda Option, each Potential Exercise Date between 9:00 a.m. and the Latest Exercise Time and the Expiration Date between 9:00 a.m. and the Latest Exercise Time, and
- (iii) in respect of a European Option, the Expiration Date between 9:00 a.m. and the Expiration Time.
- (i) in respect of an American Option, all Scheduled Trading Days from, and including, the Commencement Date to, and including, the Expiration Date between 9:00 a.m. and the Latest Exercise Time,
- All times specified in this paragraph shall be, unless otherwise specified in the related Confirmation, local time in the location specified in the related Confirmation for receipt by Seller of notices relating to the Transaction or, where an agent is designated by Seller for the purpose of receiving notice of exercise (“Seller’s Agent”), local time in the specified location of Seller’s Agent or, where no such location is specified in the related Confirmation, local time in the jurisdiction of the Exchange.