Settlement Method Election - Equity Derivatives Provision: Difference between revisions

Revision as of 15:10, 24 September 2019

Template:Eqderivanat Much, much simpler than ISDA’s drafting committee would have you believe.

If you have the option to select Cash Settlement or Physical Settlement, then you have to elect that, and if you don’t, the specified fall-backs —either in the Confirmation, or if not, in the 2002 ISDA Equity Derivatives Definitions — will apply.

A work-a-day, sensible provision rendered ghoulish by ISDA’s depraved way with words.

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 Much, much simpler than [[ISDA drafting committee|ISDA’s drafting committee]] would have you believe.
-If you have the option to select {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}}, then you have to elect that, and if you don’t, the specified fall-backs —either in the confirmation, or if not, in the {{eqderivdefs}} — will apply. A work-a-day, sensible provision rendered ghoulish by ISDA’s depraved way with words.
+If you have the option to select {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}}, then you have to elect that, and if you don’t, the specified fall-backs —either in the {{isdaprov|Confirmation}}, or if not, in the {{eqderivdefs}} — will apply.
+A work-a-day, sensible provision rendered ghoulish by ISDA’s depraved way with words.