Postponement - Equity Derivatives Provision

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Text of Section 6.7(c)intro and 6.7(c)(ii), 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

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6.7(c)(ii)Postponement”, then Section 6.6 will apply for purposes of determining the relevant level, price or amount on that Averaging Date as if such Averaging Date were a Valuation Date that was a Disrupted Day irrespective of whether, pursuant to such determination, that deferred Averaging Date would fall on a date that already is or is deemed to be an Averaging Date for the Transaction; or

6.7(c)(ii), 2002 ISDA Equity Derivatives Definitions

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Postponement is one of the definitions in use in Section 6.7(c) (Averaging Date Disruption) of the 2002 ISDA Equity Derivatives Definitions.

See also Omission and Modified Postponement.

Equity Derivatives Anatomy

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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

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