Template:M summ Equity Derivatives 6.2: Difference between revisions
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===Final Valuation Date=== | ===''Final'' {{eqderivprov|Valuation Date=}}== | ||
The Valuation Date concept assumes you have a {{isdaprov|Transaction}} that will run to its term. For you cheeky synthetic prime brokerage types who write your [[Equity Swaps - Equity Derivatives Provision|Equity Swaps]] as if they were undated [[delta-one]] exposures — which, unless the master in charge of Tax is looking, they ''are'' — your [[master confirmation]] will need to create an extra, bonus, ''final'' {{eqderivprov|Valuation Date}} as of the {{eqderivprov|Optional Early Termination Date}}, otherwise on closing out a position you might find yourselves harking back to a {{eqderivprov|Valuation Date}} that happened in that happier, gentler time that was two or three weeks ago. | The {{eqderivprov|Valuation Date}} concept assumes you have a {{isdaprov|Transaction}} that will run to its term. For you cheeky synthetic prime brokerage types who write your [[Equity Swaps - Equity Derivatives Provision|Equity Swaps]] as if they were undated [[delta-one]] exposures — which, unless the master in charge of Tax is looking, they ''are'' — your [[master confirmation]] will need to create an extra, bonus, ''final'' {{eqderivprov|Valuation Date}} as of the {{eqderivprov|Optional Early Termination Date}}, otherwise on closing out a position you might find yourselves harking back to a {{eqderivprov|Valuation Date}} that happened in that happier, gentler time that was two or three weeks ago. | ||
===The {{eqderivprov|Calculation Period}} that didn’t bark in the night-time=== | ===The {{eqderivprov|Calculation Period}} that didn’t bark in the night-time=== | ||
Where, oh where, are the {{eqderivprov|Calculation Period}}s {{eqderivdefs}}? Ok so this is a bit of a trick question. There are ''no'' “{{eqderivprov|Calculation Period}}s” — that is instead defined in the [[2006 ISDA Definitions]]. In the {{eqderivdefs}}, the periods for Equity calculations are handled by the “{{eqderivprov|Valuation Date}}” concept. | Where, oh where, are the {{eqderivprov|Calculation Period}}s {{eqderivdefs}}? Ok so this is a bit of a trick question. There are ''no'' “{{eqderivprov|Calculation Period}}s” — that is instead defined in the [[2006 ISDA Definitions]]. In the {{eqderivdefs}}, the periods for Equity calculations are handled by the “{{eqderivprov|Valuation Date}}” concept. |