Template:Nutshell Equity Derivatives 7.1: Difference between revisions

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Revision as of 15:00, 24 September 2019 (view source) Amwelladmin (talk \| contribs) (Created page with "Section {{eqderivprov\|7.1}}. If “'''{{eqderivprov\|Settlement Method Election}}'''” applies then the “'''{{eqderivprov\|Electing Party}}'''” being the party entitled to...")		Revision as of 15:02, 24 September 2019 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	Section {{eqderivprov\|7.1}}. If “'''{{eqderivprov\|Settlement Method Election}}'''” applies then the “'''{{eqderivprov\|Electing Party}}'''” ~~being the party entitled to make the election~~ (~~or,~~ if ~~not~~ specified, {{eqderivprov\|Buyer}} or the {{eqderivprov\|Equity Amount Receiver}}) must give irrevocable notice of its election of {{eqderivprov\|Cash Settlement}} or {{eqderivprov\|Physical Settlement}} for the {{eqderivprov\|Transaction}} by the {{eqderivprov\|Settlement Method Election Date~~}} to be confirmed in writing within one {{eqderivprov\|Scheduled Trading Day~~}}. If the {{eqderivprov\|Electing Party}} does not elect a settlement method, it will be specified “'''{{eqderivprov\|Default Settlement Method}}'''” if one is specified, of Cash Settlement for {{eqderivprov\|Index Transaction}}s and {{eqderivprov\|Equity Swap Transaction}}s and {{eqderivprov\|Physical Settlement}} for {{eqderivprov\|Share Forward Transaction}} and {{eqderivprov\|Share Basket Forward Transaction}}s if not. <br>		Section {{eqderivprov\|7.1}}. If “'''{{eqderivprov\|Settlement Method Election}}'''” applies then the “'''{{eqderivprov\|Electing Party}}'''” (if one is specified, or the {{eqderivprov\|Buyer}} or the {{eqderivprov\|Equity Amount Receiver}} if not) must give irrevocable notice of its election of {{eqderivprov\|Cash Settlement}} or {{eqderivprov\|Physical Settlement}} for the {{eqderivprov\|Transaction}} by the {{eqderivprov\|Settlement Method Election Date}}.

			If the {{eqderivprov\|Electing Party}} does not elect a settlement method, it will be the specified “'''{{eqderivprov\|Default Settlement Method}}'''” if one is specified, or {{eqderivprov\|Cash Settlement}} (for {{eqderivprov\|Index Transaction}}s and {{eqderivprov\|Equity Swap Transaction}}s) and {{eqderivprov\|Physical Settlement}} (for {{eqderivprov\|Share Forward Transaction}}s and {{eqderivprov\|Share Basket Forward Transaction}}s) if not. <br>