Template:Nutshell Equity Derivatives 1.48: Difference between revisions
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{{eqderivprov|1.48}}. “'''{{eqderivprov|Knock-in Determination Day}}'''” means each specified {{eqderivprov|Scheduled Trading Day}}, unless it is a {{eqderivprov|Disrupted Day}} due to an event occurring before the {{eqderivprov|Knock-in Valuation Time}}, in which case | {{eqderivprov|1.48}}. “'''{{eqderivprov|Knock-in Determination Day}}'''” means each specified {{eqderivprov|Scheduled Trading Day}}, unless it is a {{eqderivprov|Disrupted Day}} due to an event occurring before the {{eqderivprov|Knock-in Valuation Time}}, in which case it will be the following undisrupted {{eqderivprov|Scheduled Trading Day}}, though if eight {{eqderivprov|Scheduled Trading Days}} in a row are {{eqderivprov|Disrupted Day}}s, the eighth one, even though a {{eqderivprov|Disrupted Day}}, will be the {{eqderivprov|Knock-in Determination Day}}. In this case the {{eqderivprov|Calculation Agent}} must determine the level of the {{eqderivprov|Knock-in Reference Security}} as if it were an {{eqderivprov|Underlier}} on a disrupted {{eqderivprov|Valuation Date}} using the method set out in Section {{eqderivprov|6.6}}. | ||
Unless otherwise specified the {{eqderivprov|Knock-in Determination Day}}s will be each {{eqderivprov|Scheduled Trading Day}} from and including the {{eqderivprov|Trade Date}} to and including the final {{eqderivprov|Valuation Date}}, the {{eqderivprov|Expiration Date}} or, if none, the date one {{eqderivprov|Settlement Cycle}} prior to the final {{eqderivprov|Settlement Date}} for the {{eqderivprov|Transaction}} (adjusted as necessary under Sections {{eqderivprov|3.1(f)}} and {{eqderivprov|6.6}}). <br> | Unless otherwise specified the {{eqderivprov|Knock-in Determination Day}}s will be each {{eqderivprov|Scheduled Trading Day}} from and including the {{eqderivprov|Trade Date}} to and including the final {{eqderivprov|Valuation Date}}, the {{eqderivprov|Expiration Date}} or, if none, the date one {{eqderivprov|Settlement Cycle}} prior to the final {{eqderivprov|Settlement Date}} for the {{eqderivprov|Transaction}} (adjusted as necessary under Sections {{eqderivprov|3.1(f)}} and {{eqderivprov|6.6}}). <br> | ||
Latest revision as of 07:14, 10 May 2022
1.48. “Knock-in Determination Day” means each specified Scheduled Trading Day, unless it is a Disrupted Day due to an event occurring before the Knock-in Valuation Time, in which case it will be the following undisrupted Scheduled Trading Day, though if eight Scheduled Trading Days in a row are Disrupted Days, the eighth one, even though a Disrupted Day, will be the Knock-in Determination Day. In this case the Calculation Agent must determine the level of the Knock-in Reference Security as if it were an Underlier on a disrupted Valuation Date using the method set out in Section 6.6.
Unless otherwise specified the Knock-in Determination Days will be each Scheduled Trading Day from and including the Trade Date to and including the final Valuation Date, the Expiration Date or, if none, the date one Settlement Cycle prior to the final Settlement Date for the Transaction (adjusted as necessary under Sections 3.1(f) and 6.6).