Template:2002 ISDA Equity Derivatives Definitions 6.1: Difference between revisions
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Section {{eqderivprov|6.1}}. '''{{eqderivprov|Valuation Time}}'''. “'''{{eqderivprov|Valuation Time}}'''” means the time on the relevant {{eqderivprov|Valuation Date}} | Section {{eqderivprov|6.1}}. '''{{eqderivprov|Valuation Time}}'''. “'''{{eqderivprov|Valuation Time}}'''” means the time on the [[relevant]] {{eqderivprov|Valuation Date}} or {{eqderivprov|Averaging Date}}, as the case may be, specified as such in the related {{eqderivprov|Confirmation}} or, if no such time is specified, the {{eqderivprov|Scheduled Closing Time}} on the [[relevant]] {{eqderivprov|Exchange}} on the [[relevant]] {{eqderivprov|Valuation Date}} or {{eqderivprov|Averaging Date}}, as the case may be, in relation to each {{eqderivprov|Index}} or {{eqderivprov|Share}} to be valued. If the [[relevant]] {{eqderivprov|Exchange}} closes [[prior to]] its {{eqderivprov|Scheduled Closing Time}} and the specified {{eqderivprov|Valuation Time}} is after the actual closing time for its regular trading session, then the {{eqderivprov|Valuation Time}} shall be such actual closing time. <br> | ||
Latest revision as of 11:55, 10 May 2018
Section 6.1. Valuation Time. “Valuation Time” means the time on the relevant Valuation Date or Averaging Date, as the case may be, specified as such in the related Confirmation or, if no such time is specified, the Scheduled Closing Time on the relevant Exchange on the relevant Valuation Date or Averaging Date, as the case may be, in relation to each Index or Share to be valued. If the relevant Exchange closes prior to its Scheduled Closing Time and the specified Valuation Time is after the actual closing time for its regular trading session, then the Valuation Time shall be such actual closing time.