Template:Nutshell Equity Derivatives 1.27: Difference between revisions

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(Created page with "1.27. “'''{{eqderivprov|Clearance System}}'''” means the specified clearance system for a {{eqderivprov|Share}} (or any successor the {{eqderivprov|Calculation Agent}} det...")
 
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1.27. “'''{{eqderivprov|Clearance System}}'''” means the specified clearance system for a {{eqderivprov|Share}} (or any successor the {{eqderivprov|Calculation Agent}} determines). If not specified, it will be the main domestic clearance system used to settle trades in the {{eqderivprov|Share}} on the {{eqderivprov|Settlement Date}}. If it ceases to settle trades in such Share, the parties must try to agree another manner of delivery.  <br>
1.27. “'''{{eqderivprov|Clearance System}}'''” means the specified clearing system for a {{eqderivprov|Share}} (or any successor the {{eqderivprov|Calculation Agent}} determines) or, if none, the main domestic clearance system for that {{eqderivprov|Share}} on the {{eqderivprov|Settlement Date}}. If it ceases clearing the {{eqderivprov|Share}}, the parties must try to settle some other way.  <br>

Latest revision as of 07:46, 14 May 2022

1.27. “Clearance System” means the specified clearing system for a Share (or any successor the Calculation Agent determines) or, if none, the main domestic clearance system for that Share on the Settlement Date. If it ceases clearing the Share, the parties must try to settle some other way.