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Template:Nutshell Equity Derivatives 9.4: Difference between revisions
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Template:Nutshell Equity Derivatives 9.4 (view source)
Revision as of 10:41, 16 December 2015
, 16 December 2015no edit summary
Amwelladmin (talk | contribs) (Created page with "Section {{eqderivprov|9.4}}. {{eqderivprov|Settlement Date}}. "{{eqderivprov|Settlement Date}}" means: :(a) for {{eqderivprov|Option Transaction}}s, the first {{eqderivprov|Cl...") |
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:(b) for {{eqderivprov|Forward Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s, the date specified (or if not specified, one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Valuation Date}} (adjusted if not a {{eqderivprov|Clearance System Business Day}}) unless there is a {{eqderivprov|Settlement Disruption Event}} on the relevant date. | :(b) for {{eqderivprov|Forward Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s, the date specified (or if not specified, one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Valuation Date}} (adjusted if not a {{eqderivprov|Clearance System Business Day}}) unless there is a {{eqderivprov|Settlement Disruption Event}} on the relevant date. | ||
If there is {{eqderivprov|Settlement Disruption Event}} on that date, the {{eqderivprov|Settlement Date}} will be | If there is {{eqderivprov|Settlement Disruption Event}} on that date, the {{eqderivprov|Settlement Date}} will be delayed until it has lifted unless it doesn’t lift for 8 successive {{eqderivprov|Clearance System Business Day}}s, in which case if the {{eqderivprov|Shares}} can be delivered some other way, the {{eqderivprov|Settlement Date}} will be the date on which a sale executed on that eighth {{eqderivprov|Clearance System Business Day}} would settle. If they can't, the {{eqderivprov|Settlement Date}} will be postponed until delivery can be effected. | ||
If a {{eqderivprov|Settlement Disruption Event}} affects some but not all of the {{eqderivprov|Shares}} in a {{eqderivprov|Share Basket Transaction}}, the {{eqderivprov|Settlement Date}} for unaffected {{eqderivprov|Shares}} will be the original {{eqderivprov|Settlement Date}} and for affected {{eqderivprov|Shares}} will be determined as provided above. | If a {{eqderivprov|Settlement Disruption Event}} affects some but not all of the {{eqderivprov|Shares}} in a {{eqderivprov|Share Basket Transaction}}, the {{eqderivprov|Settlement Date}} for unaffected {{eqderivprov|Shares}} will be the original {{eqderivprov|Settlement Date}} and for affected {{eqderivprov|Shares}} will be determined as provided above. | ||