Template:Nutshell Equity Derivatives 9.4: Difference between revisions

:(a) for {{eqderivprov|Option Transaction}}s, the first {{eqderivprov|Clearance System Business Day}} occurring one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Exercise Date}}; and  

:(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 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.