Template:2002 ISDA Equity Derivatives Definitions 8.3

Section 8.3. Strike Price Differential. “Strike Price Differential” means, unless otherwise
provided in the related Confirmation, in respect of each Valuation Date, an amount equal to the greater of
(a) the excess of (i) in the case of a Call, the relevant Settlement Price over the Strike Price or (ii) in the
case of a Put, the Strike Price over the relevant Settlement Price, and (b) zero.