Share - Equity Derivatives Provision
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Template:Eqderivanat A serviceable distinction is to be drawn between the “Shares” specified in a Confirmation — which means the abstract concept of a notional particpating in the common stock of Teldar Paper etc., as represented by an ISIN, and the precise Number of Shares, being the defined quantity of those Shares relevant in assessing ones Equity Notional Amount.
Where you have a Basket, there will be a weighting of the individual Shares in the Basket — and that may be articulated in terms of a Number of Shares of that Issuer, which further piques the intellectual challenge.