Determining Party - Equity Derivatives Provision: Difference between revisions

Determining Party - Equity Derivatives Provision (view source)

533 bytes added , 17 November 2014

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 {{eqderivsnap|12.8(f)}}
-Appears to be relevant only for the purposes of {{eqderivprov|12.8}} ({{eqderivprov|Cancellation Amount}}). Not clear why this would be different from {{eqderivprov|Calculation Agent}}.
+Relevant only for the purposes of {{eqderivprov|12.8}} ({{eqderivprov|Cancellation Amount}}), which will come into play where {{eqderivprov|Cancellation and Payment}} or {{eqderivprov|Partial Cancellation and Payment}} are specified as the determination methods for certain {{eqderivprov|Extraordinary Events}} or {{eqderivprov|Adjustment Events}}.
+In this single circumstance a party who is not otherwise the {{eqderivprov|Calculation Agent}} may wish to be in control of this determination (or at least have a say in it) which is why this provision is not necessarily handled by the {{eqderivprov|Calculation Agent}} (the swap dealer who is hedging the trade will usually be sole {{eqderivprov|Calculation Agent}}).
 {{eqderivanatomy}}