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{{eqderivsnap|12.9(a)(ii)}} | {{eqderivsnap|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 | 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}} | {{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)}}: | |||
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)}} | {{eqderivsnap|12.9(b)(i)}} | ||
{{triplecocktail}} | |||
{{eqderivanatomy}} | {{eqderivanatomy}} |