Nationalization, Insolvency and Delisting - Equity Derivatives Provision: Difference between revisions
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{{ | {{fullanatopen|eqderiv|{{2002 ISDA Equity Derivatives Definitions 12.6.}}}} | ||
====Commentary==== | ====Commentary==== | ||
Upon the occurrence of these {{eqderivprov|Extraordinary Events}} ({{eqderivprov|Nationalization}}, {{eqderivprov|Insolvency}} and {{eqderivprov|Delisting}}) the parties may elect to terminate (if they choose {{eqderivprov|Negotiated Close-out}}), or the transaction will automatically terminate (if {{eqderivprov|Cancellation and Payment (Extraordinary Events)}} or {{eqderivprov|Partial Cancellation and Payment (Extraordinary Events)}} are selected). | Upon the occurrence of these {{eqderivprov|Extraordinary Events}} ({{eqderivprov|Nationalization}}, {{eqderivprov|Insolvency}} and {{eqderivprov|Delisting}}) the parties may elect to terminate (if they choose {{eqderivprov|Negotiated Close-out}}), or the transaction will automatically terminate (if {{eqderivprov|Cancellation and Payment (Extraordinary Events)}} or {{eqderivprov|Partial Cancellation and Payment (Extraordinary Events)}} are selected). |