Template:2002 ISDA Equity Derivatives Definitions 3.1(f): Difference between revisions

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(Created page with ":{{eqderivprov|3.2(f)}} '''{{eqderivprov|Expiration Date}}'''. “'''{{eqderivprov|Expiration Date}}'''” means, in respect of an {{eqderivprov|Option Transaction}}, the date...")
 
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:{{eqderivprov|3.2(f)}} '''{{eqderivprov|Expiration Date}}'''. “'''{{eqderivprov|Expiration Date}}'''” means, in respect of an {{eqderivprov|Option Transaction}}, the date specified as such in the related {{eqderivprov|Confirmation}} (or, if such date is not a {{eqderivprov|Scheduled Trading Day}}, the next following {{eqderivprov|Scheduled Trading Day}}), unless such date is a {{eqderivprov|Disrupted Day}} due to the occurrence of an event giving rise to a {{eqderivprov|Disrupted Day}} prior to the {{eqderivprov|Latest Exercise Time}} on such date. If such date is a {{eqderivprov|Disrupted Day}} due to the occurrence of such an event, then the {{eqderivprov|Expiration Date}} shall be the first succeeding {{eqderivprov|Scheduled Trading Day}} that is not a {{eqderivprov|Disrupted Day}}, unless each of the eight {{eqderivprov|Scheduled Trading Days}} immediately following the original date that, but for the occurrence of a {{eqderivprov|Disrupted Day}}, would have been the Expiration Date is a {{eqderivprov|Disrupted Day}}. In that case, that eighth {{eqderivprov|Scheduled Trading Day}} shall be deemed to be the {{eqderivprov|Expiration Date}}, notwithstanding the fact that such day is a {{eqderivprov|Disrupted Day}}. Notwithstanding the foregoing, if an {{eqderivprov|Option Transaction}} is exercised on a {{eqderivprov|Scheduled Trading Day}} that would have been an {{eqderivprov|Expiration Date}} but for the occurrence of an event giving rise to a {{eqderivprov|Disrupted Day}}, such {{eqderivprov|Scheduled Trading Day}} shall be deemed to be the {{eqderivprov|Expiration Date}} for the purpose of determining whether an {{eqderivprov|Exercise Date}} has occurred during the {{eqderivprov|Exercise Period}}. <br>
:{{eqderivprov|3.1(f)}} '''{{eqderivprov|Expiration Date}}'''. “'''{{eqderivprov|Expiration Date}}'''” means, in respect of an {{eqderivprov|Option Transaction}}, the date specified as such in the related {{eqderivprov|Confirmation}} (or, if such date is not a {{eqderivprov|Scheduled Trading Day}}, the next following {{eqderivprov|Scheduled Trading Day}}), unless such date is a {{eqderivprov|Disrupted Day}} due to the occurrence of an event giving rise to a {{eqderivprov|Disrupted Day}} prior to the {{eqderivprov|Latest Exercise Time}} on such date. If such date is a {{eqderivprov|Disrupted Day}} due to the occurrence of such an event, then the {{eqderivprov|Expiration Date}} shall be the first succeeding {{eqderivprov|Scheduled Trading Day}} that is not a {{eqderivprov|Disrupted Day}}, unless each of the eight {{eqderivprov|Scheduled Trading Days}} immediately following the original date that, but for the occurrence of a {{eqderivprov|Disrupted Day}}, would have been the Expiration Date is a {{eqderivprov|Disrupted Day}}. In that case, that eighth {{eqderivprov|Scheduled Trading Day}} shall be deemed to be the {{eqderivprov|Expiration Date}}, notwithstanding the fact that such day is a {{eqderivprov|Disrupted Day}}. Notwithstanding the foregoing, if an {{eqderivprov|Option Transaction}} is exercised on a {{eqderivprov|Scheduled Trading Day}} that would have been an {{eqderivprov|Expiration Date}} but for the occurrence of an event giving rise to a {{eqderivprov|Disrupted Day}}, such {{eqderivprov|Scheduled Trading Day}} shall be deemed to be the {{eqderivprov|Expiration Date}} for the purpose of determining whether an {{eqderivprov|Exercise Date}} has occurred during the {{eqderivprov|Exercise Period}}. <br>

Latest revision as of 11:32, 4 September 2018

3.1(f) Expiration Date. “Expiration Date” means, in respect of an Option Transaction, the date specified as such in the related Confirmation (or, if such date is not a Scheduled Trading Day, the next following Scheduled Trading Day), unless such date is a Disrupted Day due to the occurrence of an event giving rise to a Disrupted Day prior to the Latest Exercise Time on such date. If such date is a Disrupted Day due to the occurrence of such an event, then the Expiration Date shall be the first succeeding Scheduled Trading Day that is not a Disrupted Day, unless each of the eight Scheduled Trading Days immediately following the original date that, but for the occurrence of a Disrupted Day, would have been the Expiration Date is a Disrupted Day. In that case, that eighth Scheduled Trading Day shall be deemed to be the Expiration Date, notwithstanding the fact that such day is a Disrupted Day. Notwithstanding the foregoing, if an Option Transaction is exercised on a Scheduled Trading Day that would have been an Expiration Date but for the occurrence of an event giving rise to a Disrupted Day, such Scheduled Trading Day shall be deemed to be the Expiration Date for the purpose of determining whether an Exercise Date has occurred during the Exercise Period.
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