Template:Nutshell Equity Derivatives 6.7(b): Difference between revisions

Template:Nutshell Equity Derivatives 6.7(b) (view source)

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+:{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. The {{eqderivprov|Settlement Price}} or {{eqderivprov|Final Price}} for a {{eqderivprov|Valuation Date}} will be:
-:{{eqderivprov|6.7(b)}} '''{{eqderivprov|Settlement Price and Final Price}}'''. For purposes of determining the Settlement Price or the {{eqderivprov|Final Price}}, as the case may be, in respect of a {{eqderivprov|Valuation Date}}, the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} will be:
+::(i) '''{{eqderivprov|Index Transaction}}s and {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}s''': The average of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}};
-::(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}};
+::(ii) '''{{eqderivprov|Index Basket Transaction}}s''': The average for the {{eqderivprov|Basket}} the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average for the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as  the sum of {{eqderivprov|Relevant Price}}s for each {{eqderivprov|Index}} in the {{eqderivprov|Basket}}; and
-::(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and
+::(iii) '''{{eqderivprov|Cash-settled Share Basket Transaction}}s''': The average of the {{eqderivprov|Basket}}s the {{eqderivprov|Calculation Agent}} determines using the method set out in the {{eqderivprov|Confirmation}} at the {{eqderivprov|Valuation Time}} on each {{eqderivprov|Averaging Date}} or, if not so set out, the average of the {{eqderivprov|Basket}}s it determines on the {{eqderivprov|Averaging Date}} as the sum of each {{eqderivprov|Share}} determined as  ''{{eqderivprov|Relevant Price}} x {{eqderivprov|Number of Shares}}''. <br>
-::(iii) in respect of a {{eqderivprov|Cash-settled Share Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the values calculated for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of (A) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and (B) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. <br>