Template:M summ Equity Derivatives 1.50: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "As specified in the {{eqderivprov|Confirmation}}, effectively, falling back to {{eqderivprov|Scheduled Closing Time}} if you don’t. The only funny is what you do if you se..." |
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As specified in the {{eqderivprov|Confirmation}}, effectively, falling back to {{eqderivprov|Scheduled Closing Time}} if you don’t. | [[Knock-ins and Knock-outs - Equity Derivatives Provision|As]] specified in the {{eqderivprov|Confirmation}}, effectively, falling back to {{eqderivprov|Scheduled Closing Time}} if you don’t. | ||
The only funny is what you do if you set your {{eqderivprov|Knock-in/out Valuation Time}} at a point in the day later than the time the {{eqderivprov|Exchange}} in question actually closes — you know, if they unexpectedly call Smoko and all go to the pub early. It is not clear how often this happens in practice, but all we need know is that it might, and if it does, {{icds}} has your back: the ''actual'' closing time is the point at which you run your valuation. Figures, really. | The only funny is what you do if you set your {{eqderivprov|Knock-in/out Valuation Time}} at a point in the day later than the time the {{eqderivprov|Exchange}} in question actually closes — you know, if they unexpectedly call Smoko and all go to the pub early. It is not clear how often this happens in practice, but all we need know is that it might, and if it does, {{icds}} has your back: the ''actual'' closing time is the point at which you run your valuation. Figures, really. | ||
Latest revision as of 08:40, 19 May 2022
As specified in the Confirmation, effectively, falling back to Scheduled Closing Time if you don’t.
The only funny is what you do if you set your Knock-in/out Valuation Time at a point in the day later than the time the Exchange in question actually closes — you know, if they unexpectedly call Smoko and all go to the pub early. It is not clear how often this happens in practice, but all we need know is that it might, and if it does, ISDA’s crack drafting squad™ has your back: the actual closing time is the point at which you run your valuation. Figures, really.