Exchange - Equity Derivatives Provision: Difference between revisions
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{{eqderivanat|1.25}} | {{eqderivanat|1.25}} | ||
Relevant to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the “{{eqderivprov|Related Exchange}}”. | Relevant to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the “{{eqderivprov|Related Exchange}}” — a real ISDA definition, and Alternative Exchange, which is a [[JC]] fabrication we just made up because the “substitute or successor exchange offering comparable liquidity” language, which gets repeated a lot, is so tedious. | ||
The limbs are: | The limbs are: | ||
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They are, ''[[mutatis mutandis]]'', the same, only {{eqderivprov|1.25(a)}} talks about “{{eqderivprov|Shares}} underlying the {{eqderivprov|Index}}” which obviously isn’t needed when referring to {{eqderivprov|Shares}} themselves. <br> | They are, ''[[mutatis mutandis]]'', the same, only {{eqderivprov|1.25(a)}} talks about “{{eqderivprov|Shares}} underlying the {{eqderivprov|Index}}” which obviously isn’t needed when referring to {{eqderivprov|Shares}} themselves. <br> | ||
Not to be confused, however tempting and, really, forgiveable it may be, with a {{eqderivprov|Related Exchange}} under paragraph {{eqderivprov|1.26}}. | Not to be confused, however tempting and, really, forgiveable it may be, with a {{eqderivprov|Related Exchange}} under paragraph {{eqderivprov|1.26}}. A {{eqderivprov|Related Exchange}} (real) is not the same as an {{eqderivprov|Alternative Exchange}} (made up by the [[JC]]) | ||
{{seealso}} | {{seealso}} | ||
*1.26 {{eqderivprov|Related Exchange}} | *1.26 {{eqderivprov|Related Exchange}} | ||