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Exchange - Equity Derivatives Provision: Difference between revisions
Exchange - Equity Derivatives Provision (view source)
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, 30 October 2012→Commentary
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{{eqderivsnap|1.25}} | {{eqderivsnap|1.25}} | ||
====Commentary==== | ====Commentary==== | ||
Of particular relevance to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the "Related Exchange". | |||
The provisions of {{eqderivprov|1.25(a)}}, relating to {{eqderivprov|Indices}} and {{eqderivprov|1.25(b)}}, relating to {{eqderivprov|Shares}}, (mutuatis mutandis) have the same wording, only in {{eqderivprov|1.25(a)}} relating to {{eqderivprov|Indices}} there is reference to "{{eqderivprov|Shares}} underyling the {{eqderivprov|Index}}" which obviously isn't needed when referring to simpe {{eqderivprov|Shares}}. | |||
====Related Provisions==== | ====Related Provisions==== | ||