Template:M summ Equity Derivatives 9

Not enormously common, since the whole point of an equity derivative is to have price exposure without ever taking title to the shares, with all the attendant tax and regulatory obligations that would apply, but for you exotic types who might want to do this — especially those trading Forwards, Options, here they are. The JC’s specialty bing synthetic equity swaps, this isn’t something that we have spent a lot of time on, suffice to say that the provisions are largely mechanical and will ISDA’s crack drafting squad™ prose as a quality to it only Heath Robinson’s mother could love, when you boil the provisions down, they do make sense in a “that figures, I guess” or “that really ought to go without saying” kind of way.

So sorry for not having a lot to say, but here: knock yourself out.