Template:Nutshell Equity Derivatives 13.2
13.2. Agreements and Acknowledgments Regarding Hedging Activities.
- 13.2(a) If “Agreements and Acknowledgments Regarding Hedging Activities” applies each party agrees that:
- (i) neither party is relying on
- (A) the manner or method in which the other party hedges
- (B) any communication about the other party's hedging, or
- (C) any statement made by such party about its hedging
- and that
- (ii)
- (A) each party may, but doesn't have to, hedge;
- (B) any hedges are the hedging party’s proprietary positions;
- (C) neither party holds its Hedge Positions for the other party, and the other party has no interest in its Hedge Positions; and
- (D) each party may hedge or not in its sole discretion.
- (i) neither party is relying on
- 13.2(b) “Hedge Positions” means any positions in securities, derivatives or FX, any stock loans or any other arrangements a party makes to hedge Transactions, whether individually or across a portfolio.