Change in Law - Equity Derivatives Provision: Difference between revisions

Change in Law - Equity Derivatives Provision (view source)

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-{{eqderivsnap|12.9(a)(ii)}}
+{{eqdmanual|12.9(a)(ii)}}
-====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}}
-You may also see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply."
-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)}}
-{{triplecocktail}}
-{{eqderivanatomy}}