Template:Nutshell Equity Derivatives 9.5: Difference between revisions
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{{eqderivprov|9.5}}. “'''{{eqderivprov|Number of Shares to be Delivered}}'''” is calculated as follows: <br> | |||
:(a) | :(a) '''{{eqderivprov|Share Option Transaction}}s''': For an {{eqderivprov|Exercise Date}}, ''number of exercised {{eqderivprov|Options}} x {{eqderivprov|Option Entitlement}}''; <br> | ||
:(b) | :(b) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” does not apply''': the {{eqderivprov|Number of Shares}}; <br> | ||
:(c) | :(c) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” applies''': <br> | ||
::(i) if | ::(i) if {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Floor Price}: ''{{eqderivprov|Number of Shares}}''. <br> | ||
::(ii) if | ::(ii) if {{eqderivprov|Forward Floor Price}} < {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Cap Price}}: ''({{eqderivprov|Foward Floor Price}}/{{eqderiv|Settlement Price}}) x {{eqderivprov|Number of Shares}}''; and<br> | ||
::(iii) if {{eqderivprov|Settlement Price}} > {{eqderivprov|Forward Cap Price}}: ''(({{eqderivprov|Forward Floor Price}} + {{eqderivprov|Settlement Price}} - {{eqderivprov|Forward Cap Price}})/{{eqderivprov|Settlement Price}}) x {{eqderivprov|Number of Shares}} <br> | |||
::(iii) if | :(d) '''{{eqderivprov|Share Swap Transaction}}s: ''{{eqderivprov|Number of Shares}}''. <br> | ||
:If the {{eqderivprov|Number of Shares to be Delivered}} comprises any fraction of a {{eqderivprov|Share}}, it will be rounded down to an integral number of {{eqderivprov|Shares}} and a {{eqderivprov|Fractional Share Amount}} will be payable in lieu of the fraction. <br> | |||
:(d) | |||
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