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| {{eqderivsnap|12.9(a)(ii)}} | | {{eqdmanual|12.9(a)(ii)}} |
| ====Commentary====
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| {{triplecocktail}}
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| Note the industry has generally moved to omit the "{{eqderivprov|Increased Cost of Hedging}}" aspects of this definition - see for example the [[2007 European Master Equity Derivatives Confirmation Agreement]], which provides the following:
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| {{eqderivsnap|Amended Change In Law}}
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| You may also see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply."
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| The consequences of a {{eqderivprov|Change in Law}} (or an {{eqderivprov|Insolvency Filing}} are set out in {{eqderivprov|12.9(b)(i)}} as follows:
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| {{eqderivsnap|12.9(b)(i)}}
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| {{eqderivanatomy}}
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