Nationalization, Insolvency and Delisting - Equity Derivatives Provision
Jump to navigation
Jump to search
Commentary
Upon the occurrence of these Extraordinary Events (Nationalization, Insolvency and Delisting) the parties may elect to terminate (if they choose Negotiated Close-out), or the transaction will automatically terminate (if Cancellation and Payment or Partial Payment and Cancellation are selected).
Note that a Delisting covers full cessation of trading but not a suspension of trading, even if indefinite. But in that case a Hedging Disruption or - at a pinch - Increased Cost of Hedging ought to get you home.