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

edit template | view template

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;

— 6.7(c)(i), 2002 ISDA Equity Derivatives Definitions

edit template | view template

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}}} Resources About the Equity Derivatives Definitions | (full wikitext) | (nutshell wikitext) Hot topics Synthetic Prime Brokerage Anatomy | The Triple Cocktail | Cancellation and Payment | Calculation Agent TOC | 1 General Definitions | 2 Option Transactions | 3 Exercise of Options | 4 Forward Transactions | 5 Equity Swap Transactions | 6 Valuation | 7 Settlement | 8 Cash Settlement | 9 Physical Settlement | 10 Dividends | 11 Adjustments and Modifications | 12 Extraordinary Events · 12.8 Cancellation Amount · 12.9 Additional Disruption Events · 12.9 List of ADEs · 12.9(b) Consequences of ADEs | 13 Miscellaneous Index: Click ᐅ to expand: ► Equity Derivatives ► Synthetic Prime Brokerage Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.