Template:2002 ISDA Equity Derivatives Definitions 2.3(b)
- (b) Put. “Put” means an Option Transaction entitling Buyer upon exercise:
- (i) where “Cash Settlement” is applicable, to receive from Seller an Option Cash Settlement Amount if the Strike Price exceeds the Settlement Price; and
- (ii) where “Physical Settlement” is applicable, to sell Shares or Baskets of Shares to Seller at the Settlement Price per Share or Basket,
- (i) where “Cash Settlement” is applicable, to receive from Seller an Option Cash Settlement Amount if the Strike Price exceeds the Settlement Price; and
- in each case as more particularly provided in or pursuant to these Definitions and the related Confirmation.