Nationalization, Insolvency and Delisting - Equity Derivatives Provision: Difference between revisions

Nationalization, Insolvency and Delisting - Equity Derivatives Provision (view source)

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-{{eqderivsnap|12.6}}
+{{eqdmanual|12.6}}
-====Commentary====
-Upon the occurrence of these {{eqderivprov|Extraordinary Events}} ({{eqderivprov|Nationalization}}, {{eqderivprov|Insolvency}} and {{eqderivprov|Delisting}}) the parties may elect to terminate (if they choose {{eqderivprov|Negotiated Close-out}}), or the transaction will automatically terminate (if {{eqderivprov|Cancellation and Payment (Extraordinary Events)}} or {{eqderivprov|Partial Payment and Cancellation (Extraordinary Events)}} are selected).
-Note that a {{eqderivprov|Delisting}} covers full cessation of trading but not a suspension of trading, even if indefinite. But in that case a {{eqderivprov|Hedging Disruption}} or - at a pinch - {{eqderivprov|Increased Cost of Hedging}} ought to get you home.
-====See Also====
-{{eqderivanatomy}}