Change in Law - Equity Derivatives Provision: Difference between revisions
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{{eqderivsnap|Amended Change In Law}} | {{eqderivsnap|Amended Change In Law}} | ||
You may also see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply." | |||
The consequences of a {{eqderivprov|Change in Law}} (or an {{eqderivprov|Insolvency Filing}} are set out in {{eqderivprov|12.9(b)(i)}} as follows: | The consequences of a {{eqderivprov|Change in Law}} (or an {{eqderivprov|Insolvency Filing}} are set out in {{eqderivprov|12.9(b)(i)}} as follows: | ||
{{eqderivsnap|12.9(b)(i)}} | {{eqderivsnap|12.9(b)(i)}} | ||
{{triplecocktail}} | {{triplecocktail}} | ||
{{eqderivanatomy}} | {{eqderivanatomy}} | ||
Revision as of 09:58, 11 December 2012
Commentary
Note the industry has generally moved to omit the "Increased Cost of Hedging" aspects of this definition - see for example the 2007 European Master Equity Derivatives Confirmation Agreement to provide the following:
You may also see this expressed as: "Applicable, provided that section 12.9(a)(ii)(Y) of the Equity Definitions does not apply."
The consequences of a Change in Law (or an Insolvency Filing are set out in 12.9(b)(i) as follows: