Share - Equity Derivatives Provision

2002 ISDA Equity Derivatives Definitions A Jolly Contrarian owner’s manual™ Resources and navigation Resources About the Equity Derivatives Definitions | (full wikitext) | (nutshell wikitext) | Equity v credit derivatives showdown Hot topics Synthetic Prime Brokerage Anatomy | The Triple Cocktail | Cancellation and Payment | Calculation Agent Resources About the Equity Derivatives Definitions | (full wikitext) | (nutshell wikitext) | Equity v credit derivatives showdown Hot topics Synthetic Prime Brokerage Anatomy | The Triple Cocktail | Cancellation and Payment | Calculation Agent TOC | 1 General Definitions | 2 Option Transactions | 3 Exercise of Options | 4 Forward Transactions | 5 Equity Swap Transactions | 6 Valuation | 7 Settlement | 8 Cash Settlement | 9 Physical Settlement | 10 Dividends | 11 Adjustments and Modifications | 12 Extraordinary Events · 12.8 Cancellation Amount · 12.9 Additional Disruption Events · 12.9 List of ADEs · 12.9(b) Consequences of ADEs | 13 Miscellaneous Index: Click ᐅ to expand: Equity Derivatives - Premium Synthetic Prime Brokerage Section 1.14 in a Nutshell™ Use at your own risk, campers! 1.14. “Shares” means the securities specified as such in a Share Transaction or Share Basket Transaction. view template Full text of Section 1.14 Section 1.14. Shares. “Shares” means, in respect of a Share Transaction or Share Basket Transaction, the shares or other securities specified as such in the related Confirmation. view template Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

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Summary

One can draw a serviceable distinction between the “Shares” specified in a Confirmation — which means the abstract concept of a notional participation in the common stock of Teldar Paper etc., represented by a single ISIN — and the precise Number of Shares, being the defined quantity of those Shares relevant in assessing the Equity Notional Amount of a given Transaction.

Where you have a Basket, there will be a weighting of the individual Shares in the Basket which may be articulated in terms of a Number of Shares of that Issuer. This further piques the intellectual challenge.

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See also

• Number of Shares
• Number of Baskets

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