Template:2002 ISDA Equity Derivatives Definitions 7.3(a): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) m Text replace - " "" to " “" |
Amwelladmin (talk | contribs) m Text replace - "" " to "” " |
||
| Line 1: | Line 1: | ||
:{{eqderivprov|7.3(a)}} in respect of a {{eqderivprov|Cash-settled}} {{eqderivprov|Share Option Transaction}} or a {{eqderivprov|Share Forward Transaction}}, <br>the price per {{eqderivprov|Share}} determined by the {{isdaprov|Calculation Agent}} as provided in the related {{isdaprov|Confirmation}} as of the <br>{{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} are so <br>provided (i) in respect of any {{eqderivprov|Share}} for which the {{eqderivprov|Exchange}} is an auction or “open | :{{eqderivprov|7.3(a)}} in respect of a {{eqderivprov|Cash-settled}} {{eqderivprov|Share Option Transaction}} or a {{eqderivprov|Share Forward Transaction}}, <br>the price per {{eqderivprov|Share}} determined by the {{isdaprov|Calculation Agent}} as provided in the related {{isdaprov|Confirmation}} as of the <br>{{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} are so <br>provided (i) in respect of any {{eqderivprov|Share}} for which the {{eqderivprov|Exchange}} is an auction or “open outcry” exchange that <br>has a price as of the {{eqderivprov|Valuation Time}} at which any trade can be submitted for execution, the Settlement <br>Price shall be the price per {{eqderivprov|Share}} as of the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} as reported in the <br>official real-time price dissemination mechanism for such {{eqderivprov|Exchange}}; and (ii) in respect of any {{eqderivprov|Share}} for <br>which the {{eqderivprov|Exchange}} is a dealer exchange or dealer quotation system, the {{eqderivprov|Settlement Price}} shall be the <br>mid-point of the highest bid and lowest ask prices quoted as of the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} <br>(or the last such prices quoted immediately before the {{eqderivprov|Valuation Time}}) without regard to quotations that <br>"lock” or “cross” the dealer exchange or dealer quotation system; <br> | ||
Revision as of 12:42, 17 September 2016
- 7.3(a) in respect of a Cash-settled Share Option Transaction or a Share Forward Transaction,
the price per Share determined by the Calculation Agent as provided in the related Confirmation as of the
Valuation Time on the Valuation Date or, if no means for determining the Settlement Price are so
provided (i) in respect of any Share for which the Exchange is an auction or “open outcry” exchange that
has a price as of the Valuation Time at which any trade can be submitted for execution, the Settlement
Price shall be the price per Share as of the Valuation Time on the Valuation Date as reported in the
official real-time price dissemination mechanism for such Exchange; and (ii) in respect of any Share for
which the Exchange is a dealer exchange or dealer quotation system, the Settlement Price shall be the
mid-point of the highest bid and lowest ask prices quoted as of the Valuation Time on the Valuation Date
(or the last such prices quoted immediately before the Valuation Time) without regard to quotations that
"lock” or “cross” the dealer exchange or dealer quotation system;