Exchange - Equity Derivatives Provision: Difference between revisions

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{{eqderivanat|1.25}}
{{eqderivanat|1.25}}
Relevant to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the “{{eqderivprov|Related Exchange}}”.
Relevant to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the “{{eqderivprov|Related Exchange}}” — a real ISDA definition, and Alternative Exchange, which is a [[JC]] fabrication we just made up because the “substitute or successor exchange offering comparable liquidity” language, which gets repeated a lot, is so tedious.


The limbs are:
The limbs are:
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They are, ''[[mutatis mutandis]]'', the same, only {{eqderivprov|1.25(a)}} talks about “{{eqderivprov|Shares}} underlying the {{eqderivprov|Index}}” which obviously isn’t needed when referring to {{eqderivprov|Shares}} themselves. <br>
They are, ''[[mutatis mutandis]]'', the same, only {{eqderivprov|1.25(a)}} talks about “{{eqderivprov|Shares}} underlying the {{eqderivprov|Index}}” which obviously isn’t needed when referring to {{eqderivprov|Shares}} themselves. <br>


Not to be confused, however tempting and, really, forgiveable it may be, with a {{eqderivprov|Related Exchange}} under paragraph {{eqderivprov|1.26}}.
Not to be confused, however tempting and, really, forgiveable it may be, with a {{eqderivprov|Related Exchange}} under paragraph {{eqderivprov|1.26}}. A {{eqderivprov|Related Exchange}} (real) is not the same as an {{eqderivprov|Alternative Exchange}} (made up by the [[JC]])


{{seealso}}
{{seealso}}
*1.26 {{eqderivprov|Related Exchange}}
*1.26 {{eqderivprov|Related Exchange}}

Revision as of 13:43, 14 June 2018

Template:Eqderivanat Relevant to the definition of Market Disruption Event. Note also the related concept of the “Related Exchange” — a real ISDA definition, and Alternative Exchange, which is a JC fabrication we just made up because the “substitute or successor exchange offering comparable liquidity” language, which gets repeated a lot, is so tedious.

The limbs are:

They are, mutatis mutandis, the same, only 1.25(a) talks about “Shares underlying the Index” which obviously isn’t needed when referring to Shares themselves.

Not to be confused, however tempting and, really, forgiveable it may be, with a Related Exchange under paragraph 1.26. A Related Exchange (real) is not the same as an Alternative Exchange (made up by the JC)

See also