Change in Law - Equity Derivatives Provision: Difference between revisions

Change in Law - Equity Derivatives Provision (view source)

721 bytes removed , 5 August 2023

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