General Provisions Relating to Extraordinary Events - Equity Derivatives Provision: Difference between revisions

{{2002 ISDA Equity Derivatives Definitions Section 12.1 TOC}}

Note that where an {{eqderivprov|Extraordinary Event}} occurs, the {{eqderivprov|Determining Party}}, rather than the {{eqderivprov|Calculation Agent}}, may be the person called on to calculate a {{eqderivprov|Cancellation Amount}}. (This is relevant especially where the {{eqderivprov|Calculation Agent}} is not the {{eqderivprov|Hedging Party}}, as the hedging party will have definite ideas about how to value cancellation vis a vis its own hedge).

{{eqderivanatomy}}