Template:Nutshell Equity Derivatives Trade Details

1.17. “Trade Date” must be specified in the Confirmation.
1.18. “Buyer” means the party so specified.
1.19. “Seller” means the party so specified.
1.20. “Number of Shares” means:

(a) For a Share Option Transaction: Number of Options * Option Entitlement;

(b) For a Share Forward Transaction or a Share Swap Transaction: The number of Shares specified in the Confirmation; and

(c) For each Issuer in a Share Basket Transaction: the number of Shares of that Issuer specified in the Confirmation.

1.21. “Number of Baskets”: The number of Baskets specified in the Confirmation for an Index Basket Transaction or Share Basket Transaction.
1.22. “Multiplier” must be specified in the Confirmation.
1.23. “Relevant Price” means:

1.23(a) For any Index on any Valuation Date or Averaging Date, the Index level the Calculation Agent determines per the Confirmation at the Valuation Time or, if a method is not specified, the Index level at the Valuation Time; and

1.23(b) For a Share, the price per Share the Calculation Agent determines at the Valuation Time on the Valuation Date or Averaging Date per the Confirmation or, if a method is not specified:

(i) Open outcry Exchanges: for any Share trading on an “open outcry” Exchange with a tradable price at the Valuation Time, the official trading price per Share at that time as reported by the Exchange; and

(ii) Dealer quotation Exchanges: for any Share trading on a dealer quotation Exchange, the mid-point of the highest bid and lowest ask prices quoted at (or immediately before) the Valuation Time on the Valuation Date or Averaging Date ignoring quotations that “lock” or “cross” the Exchange.

1.24. “Equity Notional Amount” will be as specified or, if not specified, will be the “Notional Amount”), adjusted for Equity Notional Resets, Re-investment of Dividends and any Adjustments and Modifications.