82,890
edits
Change in Law - Equity Derivatives Provision: Difference between revisions
Change in Law - Equity Derivatives Provision (view source)
Revision as of 09:41, 30 November 2012
, 30 November 2012→Commentary
Amwelladmin (talk | contribs) |
Amwelladmin (talk | contribs) |
||
| Line 1: | Line 1: | ||
{{eqderivsnap|12.9(a)(ii)}} | {{eqderivsnap|12.9(a)(ii)}} | ||
====Commentary==== | ====Commentary==== | ||
Note the industry has generally moved to omit the "Increased Cost of Hedging" aspects of this definition - see for example the [[2007 European Master Equity Derivatives Confirmation Agreement]] to provide the following: | |||
{{eqderivsnap|Amended Change In Law}} | |||
The consequences of a {{eqderivprov|Change in Law}} (or an {{eqderivprov|Insolvency Filing}} are set out in {{eqderivprov|12.9(b)(i)}} as follows: | The consequences of a {{eqderivprov|Change in Law}} (or an {{eqderivprov|Insolvency Filing}} are set out in {{eqderivprov|12.9(b)(i)}} as follows: | ||
{{eqderivsnap|12.9(b)(i)}} | {{eqderivsnap|12.9(b)(i)}} | ||