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Settlement Method Election - Equity Derivatives Provision: Difference between revisions
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Settlement Method Election - Equity Derivatives Provision (view source)
Revision as of 15:10, 24 September 2019
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Much, much simpler than [[ISDA drafting committee|ISDA’s drafting committee]] would have you believe. | Much, much simpler than [[ISDA drafting committee|ISDA’s drafting committee]] would have you believe. | ||
If you have the option to select {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}}, then you have to elect that, and if you don’t, the specified fall-backs —either in the | If you have the option to select {{eqderivprov|Cash Settlement}} or {{eqderivprov|Physical Settlement}}, then you have to elect that, and if you don’t, the specified fall-backs —either in the {{isdaprov|Confirmation}}, or if not, in the {{eqderivdefs}} — will apply. | ||
A work-a-day, sensible provision rendered ghoulish by ISDA’s depraved way with words. | |||