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Hedging Party - Equity Derivatives Provision: Difference between revisions
Hedging Party - Equity Derivatives Provision (view source)
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{{ | {{fullanat|eqderiv|12.9(a)(ix)|}} | ||
====Commentary==== | ====Commentary==== | ||
[[File:Hedging_Party.PNG| | [[File:Hedging_Party.PNG|300px|thumb|left|the conceptual confusion caused by physical hedging not being done by the counterparty in person]] | ||
Relevant in the context of {{eqderivprov|Additional Disruption Events}} and hedging disruption as the entity which is actually carrying out the hedging activity, if it isn't the party itself (where not specified, it defaults to the parties themselves. | Relevant in the context of {{eqderivprov|Additional Disruption Events}} and hedging disruption as the entity which is actually carrying out the hedging activity, if it isn't the party itself (where not specified, it defaults to the parties themselves. | ||
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Note also that "{{eqderivprov|Non-Hedging Party}}" definition somewhat assumes that the {{eqderivprov|Hedging Party}} will indeed be the actual counterparty to the {{isdaprov|Transaction}}. | Note also that "{{eqderivprov|Non-Hedging Party}}" definition somewhat assumes that the {{eqderivprov|Hedging Party}} will indeed be the actual counterparty to the {{isdaprov|Transaction}}. | ||
{{Seealso}} | |||
See, for example, definitions: | See, for example, definitions: | ||
*{{eqderivprov|Non-Hedging Party}}, | *{{eqderivprov|Non-Hedging Party}}, | ||
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*{{eqderivprov|Hedging Shares}}, | *{{eqderivprov|Hedging Shares}}, | ||
*{{eqderivprov|Lending Party}}. | *{{eqderivprov|Lending Party}}. | ||