Template:M gen Equity Derivatives 12.9(b): Difference between revisions

Template:M gen Equity Derivatives 12.9(b) (view source)

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-{{eqderivprov|12.9(b)(vii)}}: If the same event could be a {{eqderivprov|Hedging Disruption}} ''or'' a {{eqderivprov|Loss of Stock Borrow}}, it will be treated as a {{eqderivprov|Loss of Stock Borrow}}. The remedies for that are marginally less stentorian.
+=== {{eqderivprov|Consequences of Change in Law or Insolvency Filing}} under Section {{eqderivprov|12.9(b)(i)}} ===
+Your counterparties — or at any rate, their [[legal department|legal departments]] — may enjoy the intellectual challenge of jousting over the precise number of days’ notice one must give before decreeing and acting upon a {{eqderivprov|Change in Law}} or {{eqderivprov|Insolvency Filing}}. The practical reality here is that a sensible [[broker]] will be in touch with affected clients and will manage out of such a position by some kind of consent without reaching for a copy of the agreement, and a ''non''-sensible broker won’t have [[clients]] for very long, but that is not how [[legal eagles]] are conditioned to think.
+===Consequences of Hedging Disruption and Loss of Stock Borrow under {{eqderivprov|12.9(b)(vii)}}===
+If the same event could be a {{eqderivprov|Hedging Disruption}} ''or'' a {{eqderivprov|Loss of Stock Borrow}}, it will be treated as a {{eqderivprov|Loss of Stock Borrow}}. The remedies for that are marginally less stentorian.