General Provisions Relating to Extraordinary Events - Equity Derivatives Provision: Difference between revisions

General Provisions Relating to Extraordinary Events - Equity Derivatives Provision (view source)

562 bytes removed , 12 May 2022

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-{{eqderivanat|12}}
+{{manual|DEQ|2002|12.1|Section||short}}
-{{2002 ISDA Equity Derivatives Definitions Section 12.1 TOC}}
-===All hail the {{eqderivprov|Determining Party}}===
-Note that where an {{eqderivprov|Extraordinary Event}} occurs, the {{eqderivprov|Determining Party}}, rather than the {{eqderivprov|Calculation Agent}}, may be the person called on to calculate a {{eqderivprov|Cancellation Amount}}. (This is relevant especially where the {{eqderivprov|Calculation Agent}} is not the {{eqderivprov|Hedging Party}}, as the {{eqderivprov|Hedging Party}} will have definite ideas about how to value cancellation vis a vis its own hedge).