Consequences of Disrupted Days - Equity Derivatives Provision: Difference between revisions

Consequences of Disrupted Days - Equity Derivatives Provision (view source)

801 bytes removed , 26 March 2020

Replaced content with "{{manual|DEQ|2002|6.6|Section||short}}"

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Revision as of 11:59, 10 May 2018 (view source) Amwelladmin (talk \| contribs) No edit summary ← Older edit		Revision as of 23:11, 26 March 2020 (view source) Amwelladmin (talk \| contribs) (Replaced content with "{{manual\|DEQ\|2002\|6.6\|Section\|\|short}}") Tags: Replaced Mobile edit Mobile web edit Newer edit →
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	{{~~eqderivanat~~\|6.6}}		{{manual\|DEQ\|2002\|6.6\|Section\|\|short}}
	~~Note that single {{eqderivprov\|Index Transactions}} the {{eqderivprov~~\|Index}} is treated as a single unit which is or is not disrupted under the equity derivative definitions depending on whether securities comprising 20 per cent of more of the Index are disrupted. In that case the whole index is treated as being disrupted and the {{eqderivprov\|~~Valuation Date}} rolls forward for up to 8 {{eqderivprov~~\|~~Scheduled Trading Day~~}}s. Note that had this been treated as a {{eqderivprov\|Share Basket Transaction}} (ie of the shares comprising the index), then the {{eqderivprov\|Shares}} would settle individually according to whether they were disrupted or not. same goes for an {{eqderivprov\|Index Basket Transaction}} - ie those which are not themselves disrupted can settle on the scheduled {{eqderivprov\|Valuation Date}}.