Template:M summ Equity Derivatives 1.14: Difference between revisions
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One can draw a serviceable distinction between the “{{eqderivprov|Shares}}” specified in a {{eqderivprov|Confirmation}} — which means the abstract concept of a notional participation in the common stock of [[Teldar Paper]] etc., represented by a single [[ISIN]] — and the precise ''{{eqderivprov|Number of Shares}}'', being the defined quantity of those {{eqderivprov|Shares}} relevant in assessing the {{eqderivprov|Equity Notional Amount}} of a given {{eqderivprov|Transaction}}. | [[1.14 - Equity Derivatives Provision|One]] can draw a serviceable distinction between the “{{eqderivprov|Shares}}” specified in a {{eqderivprov|Confirmation}} — which means the abstract concept of a notional participation in the common stock of [[Teldar Paper]] etc., represented by a single [[ISIN]] — and the precise ''{{eqderivprov|Number of Shares}}'', being the defined quantity of those {{eqderivprov|Shares}} relevant in assessing the {{eqderivprov|Equity Notional Amount}} of a given {{eqderivprov|Transaction}}. | ||
Where you have a {{eqderivprov|Basket}}, there will be a weighting of the individual {{eqderivprov|Shares}} in the {{eqderivprov|Basket}} which may be articulated in terms of a {{eqderivprov|Number of Shares}} of that {{eqderivprov|Issuer}}. This further piques the intellectual challenge. | Where you have a {{eqderivprov|Basket}}, there will be a weighting of the individual {{eqderivprov|Shares}} in the {{eqderivprov|Basket}} which may be articulated in terms of a {{eqderivprov|Number of Shares}} of that {{eqderivprov|Issuer}}. This further piques the intellectual challenge. | ||
Latest revision as of 16:05, 9 May 2022
One can draw a serviceable distinction between the “Shares” specified in a Confirmation — which means the abstract concept of a notional participation in the common stock of Teldar Paper etc., represented by a single ISIN — and the precise Number of Shares, being the defined quantity of those Shares relevant in assessing the Equity Notional Amount of a given Transaction.
Where you have a Basket, there will be a weighting of the individual Shares in the Basket which may be articulated in terms of a Number of Shares of that Issuer. This further piques the intellectual challenge.