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| {{eqderivanat|13.2(b)}}
| | #redirect[[Miscellaneous - Equity Derivatives Provision]] |
| Would a {{eqderivprov|Hedge Position}} include any [[FX]] transactions required to convert positions and proceeds of hedge disposal into the {{eqderivprov|Settlement Currency}}? You may find assiduous fellows that would find it prudent to clarify. Not this one, however: [[FX]] risk seems to this commentator to be a natural consequence of Section {{eqderivprov|13.2(b)}}, so no such [[Anal paradox|anality]] required.
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| ===Whither the Hedging Party===
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| A more careful draftsperson might have mentioned that the Hedging Party might not necessarily be one of the counterparties, but might be an [[affiliate]], and this wording might have more clearly captured that.
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| A lover of fair, large and liberal interpretations of [[tiresome]] legal agreements might wonder whether it would be much of a stretch to extend reference to the "arrangements" a party makes to include its affiliates and hedging agents of course. Especially where, as they will, they will pass the costs of those hedges on to the direct party.
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| {{triplecocktail}}
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| {{ref}}
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