Template:Nutshell Equity Derivatives 11.2(b): Difference between revisions
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:{{eqderivprov|11.2(b)}}: '''{{eqderivprov|Options Exchange Adjustment}}''':If the {{eqderivprov|Method of Adjustment}} is “'''{{eqderivprov|Options Exchange Adjustment}}'''” then following adjustment to [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] the {{eqderivprov|Calculation Agent}} will adjust any relevant variable under that {{eqderivprov|Transaction}} that it thinks necessary to reflect the {{eqderivprov|Options Exchange}} adjustment, effective as of the same date. If there are’t any [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] options on the {{eqderivprov|Shares}}, the {{eqderivprov|Calculation Agent}} will adjust the {{eqderivprov|Transaction}} as it thinks fit, by analogy to the {{eqderivprov|Options Exchange}}’s rules that would have applied had the options in question been traded on it. <br> | :{{eqderivprov|11.2(b)}}: '''{{eqderivprov|Options Exchange Adjustment}}''': If the {{eqderivprov|Method of Adjustment}} is “'''{{eqderivprov|Options Exchange Adjustment}}'''” then following adjustment to [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] the {{eqderivprov|Calculation Agent}} will adjust any relevant variable under that {{eqderivprov|Transaction}} that it thinks necessary to reflect the {{eqderivprov|Options Exchange}} adjustment, effective as of the same date. If there are’t any [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] options on the {{eqderivprov|Shares}}, the {{eqderivprov|Calculation Agent}} will adjust the {{eqderivprov|Transaction}} as it thinks fit, by analogy to the {{eqderivprov|Options Exchange}}’s rules that would have applied had the options in question been traded on it. <br> | ||
Revision as of 08:21, 3 May 2022
- 11.2(b): Options Exchange Adjustment: If the Method of Adjustment is “Options Exchange Adjustment” then following adjustment to exchange-traded options the Calculation Agent will adjust any relevant variable under that Transaction that it thinks necessary to reflect the Options Exchange adjustment, effective as of the same date. If there are’t any exchange-traded options options on the Shares, the Calculation Agent will adjust the Transaction as it thinks fit, by analogy to the Options Exchange’s rules that would have applied had the options in question been traded on it.