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From the User’s Guide | {{fullanat|eqderiv|12.9|}} | ||
{{2002 ISDA Equity Derivatives Definitions Section 12.9 TOC}} | |||
===From the User’s Guide=== | |||
Section {{eqderivprov|12.9}}. {{eqderivprov|Additional Disruption Events}}. The 2002 Definitions introduce a new category of seven elective disruption events entitled “{{eqderivprov|Additional Disruption Events}}”. The {{eqderivprov|Additional Disruption Events}} were included at the request of members who found that in the intervening six years since publication of the 1996 Definitions, market participants had begun to develop their own firm-specific description of additional Disruption events that apply in the case of Disruptions to the parties' hedging arrangements, a change in law, an insolvency filing or a failure to deliver Shares as a result of an illiquid market. Members requested that the most common additional Disruption events be standardized in the 2002 Definitions. | Section {{eqderivprov|12.9}}. {{eqderivprov|Additional Disruption Events}}. The 2002 Definitions introduce a new category of seven elective disruption events entitled “{{eqderivprov|Additional Disruption Events}}”. The {{eqderivprov|Additional Disruption Events}} were included at the request of members who found that in the intervening six years since publication of the 1996 Definitions, market participants had begun to develop their own firm-specific description of additional Disruption events that apply in the case of Disruptions to the parties' hedging arrangements, a change in law, an insolvency filing or a failure to deliver Shares as a result of an illiquid market. Members requested that the most common additional Disruption events be standardized in the 2002 Definitions. | ||
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===Commentary=== | ===Commentary=== | ||
*See: {{eqderivprov|Triple Cocktail}} for the famous triumvirate of {{eqderivprov|Change in Law}}, {{eqderivprov|Increased Cost of Hedging}} and {{eqderivprov|Hedging Disruption}}. | *See: {{eqderivprov|Triple Cocktail}} for the famous triumvirate of {{eqderivprov|Change in Law}}, {{eqderivprov|Increased Cost of Hedging}} and {{eqderivprov|Hedging Disruption}}. | ||
{{eqderivanatomy}} | {{eqderivanatomy}} |