Template:Nutshell Equity Derivatives 6.7(b): Difference between revisions
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::(i) '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}s''': The average of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}}; | ::(i) '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}s''': The average of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}}; | ||
::(ii) '''{{eqderivprov|Index Basket Transaction}}s''': The average for the {{eqderivprov|Basket}} the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average for the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of {{eqderivprov|Relevant Price}}s for each {{eqderivprov|Index}} in the {{eqderivprov|Basket}}; and | ::(ii) '''{{eqderivprov|Index Basket Transaction}}s''': The average for the {{eqderivprov|Basket}} the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average for the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of {{eqderivprov|Relevant Price}}s for each {{eqderivprov|Index}} in the {{eqderivprov|Basket}}; and | ||
::(iii) '''{{eqderivprov|Cash-settled Share Basket Transaction}}s''': The average of the {{eqderivprov|Basket}}s the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average of the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of each {{eqderivprov|Share}} determined as ''{{eqderivprov|Relevant Price}} x {{eqderivprov|Number of Shares}}''. <br> | ::(iii) '''{{eqderivprov|Cash-settled}} {{eqderivprov|Share Basket Transaction}}s''': The average of the {{eqderivprov|Basket}}s the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average of the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of each {{eqderivprov|Share}} determined as ''{{eqderivprov|Relevant Price}} x {{eqderivprov|Number of Shares}}''. <br> | ||
Latest revision as of 15:15, 11 May 2022
- 6.7(b) Settlement Price and Final Price. The Settlement Price or Final Price for a Valuation Date will be:
- (i) Index Transactions and Cash-settled Share Transactions: The average of the Relevant Prices of the Index or the Shares on each Averaging Date;
- (ii) Index Basket Transactions: The average for the Basket the Calculation Agent determines using the method set out in the Confirmation at the Valuation Time on each Averaging Date or, if not so set out, the average for the Baskets it determines on the Averaging Date as the sum of Relevant Prices for each Index in the Basket; and
- (iii) Cash-settled Share Basket Transactions: The average of the Baskets the Calculation Agent determines using the method set out in the Confirmation at the Valuation Time on each Averaging Date or, if not so set out, the average of the Baskets it determines on the Averaging Date as the sum of each Share determined as Relevant Price x Number of Shares.