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{{fullanat|eqderiv|6.3(a)|}} | |||
{{nuts|Equity Derivatives|6.3(a)}} | {{nuts|Equity Derivatives|6.3(a)}} | ||
=====What counts as Market Disruption?===== | =====What counts as Market Disruption?===== | ||
A {{eqderivprov|Market Disruption Event}} is a {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} at any time during the hour before any {{eqderivprov|Valuation Time}} or {{eqderivprov|Exercise Time}}, or {{eqderivprov|Early Closure}}. | A {{eqderivprov|Market Disruption Event}} is a {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} at any time during the hour before any {{eqderivprov|Valuation Time}} or {{eqderivprov|Exercise Time}}, or {{eqderivprov|Early Closure}}. | ||
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*However, where “{{eqderivprov|All Exchanges}}” is specified as the “{{eqderivprov|Related Exchange}}”, then the {{eqderivprov|Market Disruption Event}} may be triggered if there is a disruption on any exchange where trading has a material effect (as determined by {{eqderivprov|Calculation Agent}}) on the overall market for futures or options relating to the underlier. | *However, where “{{eqderivprov|All Exchanges}}” is specified as the “{{eqderivprov|Related Exchange}}”, then the {{eqderivprov|Market Disruption Event}} may be triggered if there is a disruption on any exchange where trading has a material effect (as determined by {{eqderivprov|Calculation Agent}}) on the overall market for futures or options relating to the underlier. | ||
{{seealso}} | |||
*{{eqderivprov|Disrupted Day}}, being a day on which a {{eqderivprov|Market Disruption Event}} has occurred. | |||
*{{eqderivprov|Consequences of Disrupted Days}}; | |||
*{{eqderivprov|Trading Disruption}} under {{eqderivprov|6.3(b)}}; | |||
*{{eqderivprov|Exchange}}; | |||
*{{eqderivprov|Related Exchange}}; | |||
*{{eqderivprov|Exchange Disruption}} under {{eqderivprov|6.3(c)}}; | |||
*{{eqderivprov|Early Closure}} under {{eqderivprov|6.3(d)}}. | |||
{{vwapadjustment}} | {{vwapadjustment}} | ||
{{eqderivanatomy}} | {{eqderivanatomy}} |