Template:Nutshell Equity Derivatives 13.2(a)
13.2(a) If “Agreements and Acknowledgments Regarding Hedging Activities” applies each party agrees that:
- (i) neither party is relying on
- (A) the manner or method in which the other party hedges
- (B) any communication about the other party's hedging, or
- (C) any statement made by such party about its hedging
and that
- (ii)
- (A) each party may, but doesn't have to, hedge;
- (B) hedges are proprietary trading positions of the hedging party;
- (C) neither party holds its Hedge Positions for the other party, and the other party has no interest in its Hedge Positions; and
- (D) each party may hedge or not in its sole discretion.
and that
- (iii)
- (A) bears shit in the woods;
- (B) the Pope wears a funny hat;
- (C) the cheque’s in the mail.*
*Not really.