Determining Party - Equity Derivatives Provision: Difference between revisions
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{{eqderivsnap|12.8(f)}} | {{eqderivsnap|12.8(f)}} | ||
Relevant only for the purposes of {{eqderivprov|12.8}} ({{eqderivprov|Cancellation Amount}}), which will come into play where {{eqderivprov|Cancellation and Payment}} or {{eqderivprov|Partial Cancellation and Payment}} are specified as the determination methods for certain {{eqderivprov|Extraordinary Events}} or {{eqderivprov|Adjustment Events}}. | |||
In this single circumstance a party who is not otherwise the {{eqderivprov|Calculation Agent}} may wish to be in control of this determination (or at least have a say in it) which is why this provision is not necessarily handled by the {{eqderivprov|Calculation Agent}} (the swap dealer who is hedging the trade will usually be sole {{eqderivprov|Calculation Agent}}). | |||
{{eqderivanatomy}} | {{eqderivanatomy}} |