Template:Nutshell Equity Derivatives 1.49: Difference between revisions

{{eqderivprov|1.48}}. “'''{{eqderivprov|Knock-in Determination Day}}'''” means each specified {{eqderivprov|Scheduled Trading Day}}, unless it is a {{eqderivprov|Disrupted Day}} due to an event occurring before the {{eqderivprov|Knock-in Valuation Time}}, in which case it will be the following undisrupted {{eqderivprov|Scheduled Trading Day}}, though if eight {{eqderivprov|Scheduled Trading Days}} in a row are {{eqderivprov|Disrupted Day}}s, the eighth one, even though a {{eqderivprov|Disrupted Day}}, will be the {{eqderivprov|Knock-in Determination Day}}. In this case the {{eqderivprov|Calculation Agent}} must determine the level of the {{eqderivprov|Knock-in Reference Security}} as if it were an {{eqderivprov|Underlier}} on a disrupted {{eqderivprov|Valuation Date}} using the method set out in Section {{eqderivprov|6.6}}.  

Unless otherwise specified the {{eqderivprov|Knock-in Determination Day}}s will be each {{eqderivprov|Scheduled Trading Day}} from and including the {{eqderivprov|Trade Date}} to and including the final {{eqderivprov|Valuation Date}}, the {{eqderivprov|Expiration Date}} or, if none, the date one {{eqderivprov|Settlement Cycle}} prior to the final {{eqderivprov|Settlement Date}} for the {{eqderivprov|Transaction}} (adjusted as necessary  under Sections {{eqderivprov|3.1(f)}} and {{eqderivprov|6.6}}). <br>