Template:2002 ISDA Equity Derivatives Definitions 6.3(c): Difference between revisions

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{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}'''. "{{eqderivprov|Exchange Disruption}}" means any event (other than an Early <br>Closure) that disrupts or impairs (as determined by the {{eqderivprov|Calculation Agent}}) the ability of market <br>participants in general (i) to effect transactions in, or obtain market values for, the {{eqderivprov|Shares}} on the <br>{{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, on any relevant <br>{{eqderivprov|Exchange}}(s) in securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}), or (ii) to <br>effect transactions in, or obtain market values for, futures or options contracts relating to the Share or the <br>relevant {{eqderivprov|Index}} on any relevant {{eqderivprov|Related Exchange}}.
:{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}'''. "{{eqderivprov|Exchange Disruption}}" means any event (other than an Early <br>Closure) that disrupts or impairs (as determined by the {{eqderivprov|Calculation Agent}}) the ability of market <br>participants in general (i) to effect transactions in, or obtain market values for, the {{eqderivprov|Shares}} on the <br>{{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, on any relevant <br>{{eqderivprov|Exchange}}(s) in securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}), or (ii) to <br>effect transactions in, or obtain market values for, futures or options contracts relating to the Share or the <br>relevant {{eqderivprov|Index}} on any relevant {{eqderivprov|Related Exchange}}.