Template:M comp disc Equity Derivatives 11.1
Article 11. Adjustments and Modifications Affecting Indices, Shares and Transactions
Section 11.1 Adjustments to Indices
Section 11.2. Adjustments to Share Transactions and Share Basket Transactions
- 11.2(a). Method of Adjustment
- 11.2(b). Options Exchange Adjustment
- 11.2(c). Calculation Agent Adjustment
- 11.2(d). Options Exchange
- 11.2(e). Potential Adjustment Event
Section 11.3. Adjustments to Certain Share Transactions and Share Basket Transactions in European Currencies
Section 11.4. Correction of Share Prices and Index Levels
If I didn’t know them any better, I would say this is ISDA’s crack drafting squad™ in “I’ve just ended an unhappy love affair and I’m in a bad mood so you can damn well suffer, too” mood. Certainly reads like the writing of someone who has it in for the human race. Note there are cancellation options here, but also, independently, cancellation options for Index Adjustment Events in the Extraordinary Events selection. Why were these separated like this? For the sheer devil of it, most likely.