83,224
edits
Template:Nutshell Equity Derivatives 9.4: Difference between revisions
Template:Nutshell Equity Derivatives 9.4 (view source)
Revision as of 11:51, 6 September 2018
, 6 September 2018no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
Section {{eqderivprov|9.4}}. {{eqderivprov|Settlement Date}}. | Section {{eqderivprov|9.4}}. '''{{eqderivprov|Settlement Date}}'''. “{{eqderivprov|Settlement Date}}” means: | ||
:(a) for {{eqderivprov|Option Transaction}}s, the first {{eqderivprov|Clearance System Business Day}} occurring one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Exercise Date}}; and | :(a) for {{eqderivprov|Option Transaction}}s, the first {{eqderivprov|Clearance System Business Day}} occurring one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Exercise Date}}; and | ||
:(b) for {{eqderivprov|Forward Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s, the date specified as such (or failing that one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Valuation Date}} (adjusted for {{eqderivprov|Clearance System Business Day}}s). | :(b) for {{eqderivprov|Forward Transaction}}s and {{eqderivprov|Equity Swap Transaction}}s, the date specified as such (or failing that one {{eqderivprov|Settlement Cycle}} after the {{eqderivprov|Valuation Date}} (adjusted for {{eqderivprov|Clearance System Business Day}}s). | ||
:HOWEVER the {{eqderivprov|Settlement Date}} will be delayed if there is {{eqderivprov|Settlement Disruption Event}} until it has lifted. If it doesn’t lift for 8 successive {{eqderivprov|Clearance System Business Day}}s then, if the {{eqderivprov|Shares}} can be delivered some other way, the {{eqderivprov|Settlement Date}} will be a settlement cycle after that eighth {{eqderivprov|Clearance System Business Day}}. Otherwise it will just be postponed until delivery can be effected. | |||
HOWEVER the {{eqderivprov|Settlement Date}} will be delayed if there is {{eqderivprov|Settlement Disruption Event}} until it has lifted. If it doesn’t lift for 8 successive {{eqderivprov|Clearance System Business Day}}s then, if the {{eqderivprov|Shares}} can be delivered some other way, the {{eqderivprov|Settlement Date}} will be a settlement cycle after that eighth {{eqderivprov|Clearance System Business Day}}. Otherwise it will just be postponed until delivery can be effected. | :If only some {{eqderivprov|Shares}} in a basket are disrupted, the unaffected portion will be settled without any such delay. <br> | ||
If only some {{eqderivprov|Shares}} in a basket are disrupted, the unaffected portion will be settled without any such delay. | |||