Trading Disruption - Equity Derivatives Provision: Difference between revisions
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{{eqderivsnap|6.3(b)}} | {{eqderivsnap|6.3(b)}} | ||
====Commentary==== | ====Commentary==== | ||
See {{eqderivprov|Market Disruption Event}}, for which this provision is relevant. Note that where your trade is an {{eqderivprov|Index Transaction}}, or an {{eqderivprov|Index Basket Transaction}}, the disruption | See {{eqderivprov|Market Disruption Event}}, for which this provision is relevant. Note that where your trade is an {{eqderivprov|Index Transaction}}, or an {{eqderivprov|Index Basket Transaction}}, the disruption relates to transactions in the underlying {{eqderivprov|Shares}} - because the {{eqderivprov|Index}} doesn't exist per se as an investable stock. | ||
There are, however, separate disruption events relating to change, cancellation or non-publication of Indices. | |||
* | |||
====See also==== | |||
*{{eqderivprov|Adjustments to Indices}} (especially {{eqderivprov|11.1(b)}}); | |||
*{{eqderivprov|Exchange Disruption}} | |||
*{{eqderivprov|Market Disruption Event}} | |||
{{eqderivanatomy}}. | |||
Revision as of 10:19, 16 November 2012
Commentary
See Market Disruption Event, for which this provision is relevant. Note that where your trade is an Index Transaction, or an Index Basket Transaction, the disruption relates to transactions in the underlying Shares - because the Index doesn't exist per se as an investable stock. There are, however, separate disruption events relating to change, cancellation or non-publication of Indices.