Template:2002 ISDA Equity Derivatives Definitions 1.26: Difference between revisions
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Section {{eqderivprov|1.26}}. '''{{eqderivprov|Related Exchange}}'''. “'''{{eqderivprov|Related Exchange}}'''” means, subject to the proviso below, in respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}} or a {{eqderivprov|Share}} relating to a {{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each exchange or quotation system specified as such for such {{eqderivprov|Index}} or {{eqderivprov|Share}} in the related {{isdaprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to the futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Related Exchange}}), provided, however, that where “{{eqderivprov|All Exchanges}}” is specified as the {{eqderivprov|Related Exchange}} in the related {{eqderivprov|Confirmation}}, “{{eqderivprov|Related Exchange}}” shall mean each exchange or quotation system where trading has a material effect (as determined by the {{eqderivprov|Calculation Agent}}) on the overall market for futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}}. <br> | Section {{eqderivprov|1.26}}. '''{{eqderivprov|Related Exchange}}'''. “'''{{eqderivprov|Related Exchange}}'''” means, subject to the proviso below, in respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}} or a {{eqderivprov|Share}} relating to a {{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each exchange or quotation system specified as such for such {{eqderivprov|Index}} or {{eqderivprov|Share}} in the related {{isdaprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to the futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Related Exchange}}), provided, however, that where “'''{{eqderivprov|All Exchanges}}'''” is specified as the {{eqderivprov|Related Exchange}} in the related {{eqderivprov|Confirmation}}, “'''{{eqderivprov|Related Exchange}}'''” shall mean each exchange or quotation system where trading has a material effect (as determined by the {{eqderivprov|Calculation Agent}}) on the overall market for futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}}. <br> | ||
Latest revision as of 03:40, 10 August 2023
Section 1.26. Related Exchange. “Related Exchange” means, subject to the proviso below, in respect of an Index relating to an Index Transaction or Index Basket Transaction or a Share relating to a Share Transaction or Share Basket Transaction, each exchange or quotation system specified as such for such Index or Share in the related Confirmation, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to such Index or such Share has temporarily relocated (provided that the Calculation Agent has determined that there is comparable liquidity relative to the futures or options contracts relating to such Index or such Share on such temporary substitute exchange or quotation system as on the original Related Exchange), provided, however, that where “All Exchanges” is specified as the Related Exchange in the related Confirmation, “Related Exchange” shall mean each exchange or quotation system where trading has a material effect (as determined by the Calculation Agent) on the overall market for futures or options contracts relating to such Index or such Share.