Exchange - Equity Derivatives Provision: Difference between revisions

Exchange - Equity Derivatives Provision (view source)

1,027 bytes removed , 18 May 2022

82,976

edits

@@ Line 1: / Line 1: @@
-{{eqderivanat|1.25}}
+#redirect[[Exchanges, Clearing Systems and Currencies - Equity Derivatives Provision]]
-Relevant to the definition of {{eqderivprov|Market Disruption Event}}. Note also the related concept of the “{{eqderivprov|Related Exchange}}” — a real ISDA definition, and Alternative Exchange, which is a [[JC]] fabrication we just made up because the “substitute or successor exchange offering comparable liquidity” language, which gets repeated a lot, is so tedious.
-The limbs are:
-*{{eqderivprov|1.25(a)}}, relating to {{eqderivprov|Indices}} and
-*{{eqderivprov|1.25(b)}}, relating to {{eqderivprov|Shares}}.
-They are, ''[[mutatis mutandis]]'', the same, only {{eqderivprov|1.25(a)}} talks about “{{eqderivprov|Shares}} underlying the {{eqderivprov|Index}}” which obviously isn’t needed when referring to {{eqderivprov|Shares}} themselves. <br>
-Not to be confused, however tempting and, really, forgiveable it may be, with a {{eqderivprov|Related Exchange}} under paragraph {{eqderivprov|1.26}}. A {{eqderivprov|Related Exchange}} (real) is not the same as an {{eqderivprov|Alternative Exchange}} (made up by the [[JC]])
-{{sa}}
-*1.26 {{eqderivprov|Related Exchange}}