Market Disruption Event - Equity Derivatives Provision: Difference between revisions

A {{eqderivprov|Market Disruption Event}} is a {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} that exists during the hour before any {{eqderivprov|Valuation Time}} or {{eqderivprov|Exercise Time}} — it keys of the occurrence or existence of hte event, not the point when the {{eqderivprov|Calculation Agent}} determined it — or {{eqderivprov|Early Closure}}. The point is to capture material disruptions around the close of the market. If there ''was'' a disruption earlier in the day, but it cleared up by lunchtime, then — as far as valuing [[equity derivatives]] is concerned — all is Kool and the Gang. The kinds of disruptions are: