Settlement Method Election - Equity Derivatives Provision

Template:Eqderivanat Much, much simpler than ISDA’s drafting committee would have you believe.

If you have the option to select Cash Settlement or Physical Settlement, then you have to elect that, and if you don’t, the specified fall-backs —either in the Confirmation, or if not, in the 2002 ISDA Equity Derivatives Definitions — will apply.

A work-a-day, sensible provision rendered ghoulish by ISDA’s depraved way with words.