Template:Nutshell Equity Derivatives 12.9(a)(v)

12.9(a)(v) “Hedging Disruption” means that the Hedging Party cannot reasonably

• acquire, hold, replace or unwind any transactions hedging its equity price risk, or
• realise, recover or pay the proceeds of any hedging transactions.

12.9(b)(iii) If “Hedging Disruption” applies and one happens, the Hedging Party may terminate the Transaction on 2 Scheduled Trading Days’ notice, and the Determining Party will determine the Cancellation Amount payable under the Transaction.