Template:Nutshell Equity Derivatives 1.25: Difference between revisions

Revision as of 13:35, 14 June 2018

Section 1.25. Exchange. “Exchange” means:

1.25(a) Index Transactions and Index Basket Transactions: each exchange specified for an Index in the Confirmation (and “Alternative Exchange”); and

1.25(b) Share Transactions and Share Basket Transactions: each exchange specified for a Share in the Confirmation (and any Alternative Exchange).

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 Section '''{{eqderivprov|1.25}}'''. '''{{eqderivprov|Exchange}}'''. “'''{{eqderivprov|Exchange}}'''” means:
-:{{eqderivprov|1.25(a)}} '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Index Basket Transaction}}s''': each exchange specified for an {{eqderivprov|Index}} in the {{eqderivprov|Confirmation}} (and any successor or substitute exchange to which trading in the underlying {{eqderivprov|Shares}} may have relocated (as long as the {{eqderivprov|Calculation Agent}} is satisfied that such an alternative offers comparable liquidity) (“'''Alternative Exchange'''”); and
+:{{eqderivprov|1.25(a)}} '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Index Basket Transaction}}s''': each exchange specified for an {{eqderivprov|Index}} in the {{eqderivprov|Confirmation}} (and “{{eqderivprov|Alternative Exchange}}”); and
 :{{eqderivprov|1.25(b)}} '''{{eqderivprov|Share Transaction}}s and {{eqderivprov|Share Basket Transaction}}s''': each exchange specified for a {{eqderivprov|Share}} in the {{eqderivprov|Confirmation}} (and any Alternative Exchange). <br>