Template:M summ Equity Derivatives 12.9(a)(v)

From The Jolly Contrarian
Revision as of 08:01, 17 April 2020 by Amwelladmin (talk | contribs)
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It isn’t brilliantly worded, but the spirit is clear: it is not just that your particular hedge that you actually had on went kaput, but that you could find any reasonably suitable replacement for it. You can’t be picky. Okay, the equities market might be locked up, but what about futures? I grant you, if the underlying market is disrupted, it’s likely the listed futures market will be too, but you never know. How about ADRs or GDRs?

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