Omission - Equity Derivatives Provision
Text of Section 6.7(c)intro and 6.7(c)(i), 2002 ISDA Equity Derivatives Definitions
- 6.7(c) Averaging Date Disruption. If any Averaging Date is a Disrupted Day, then, if under "Averaging Date Disruption” the consequence specified in the related Confirmation is:
— 6.7(c)intro, 2002 ISDA Equity Derivatives Definitions
- 6.7(c)(i) “Omission”, then such Averaging Date will be deemed not to be a relevant Averaging Date for purposes of determining the relevant Settlement Price or Final Price. If through the operation of this provision no Averaging Date would occur with respect to the relevant Valuation Date, then Section 6.6 will apply for purposes of determining the relevant level, price or amount on the final Averaging Date in respect of that Valuation Date as if such final Averaging Date were a Valuation Date that was a Disrupted Day;
Omission is one of the definitions in use in Section 6.7(c) (Averaging Date Disruption) of the 2002 ISDA Equity Derivatives Definitions.
See also Postponement and Modified Postponement.
Equity Derivatives Anatomy™ {{{2}}}
|