Template:Nutshell Equity Derivatives 5.8
Section 5.8. “Initial Price” means, for the first Valuation Date, the price specified in the Confirmation, and for each subsequent Valuation Date, the Final Price for the immediately preceding Valuation Date.
Section 5.8. “Initial Price” means, for the first Valuation Date, the price specified in the Confirmation, and for each subsequent Valuation Date, the Final Price for the immediately preceding Valuation Date.