Template:M summ Equity Derivatives 12.8(a)
Cancellation Amount is a beast of a definition. But when you boil it down, it’s pretty straightforward. It applies when terminating a Transaction following an Extraordinary Event or an Additional Disruption Event.
Importantly, by dint of Section 12.8(e), the Determining Party may pass through hedge breakage costs and losses.
Cancellation Amount in a Nutshell™ (Equity Derivatives edition)
Template:Nutshell Equity Derivatives Cancellation Amount