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Template:Nutshell Equity Derivatives 11.1: Difference between revisions
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Template:Nutshell Equity Derivatives 11.1 (view source)
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::(1) for an {{eqderivprov|Index Disruption}}, the {{eqderivprov|Transaction}} will be cancelled on the {{eqderivprov|Valuation Date}}, <br> | ::(1) for an {{eqderivprov|Index Disruption}}, the {{eqderivprov|Transaction}} will be cancelled on the {{eqderivprov|Valuation Date}}, <br> | ||
::(2) for an {{eqderivprov|Index Cancellation}}, the {{eqderivprov|Transaction}} will be cancelled on the later of the {{eqderivprov|Exchange Business Day}} before the {{eqderivprov|Index Cancellation}} is effective and the date the {{eqderivprov|Index Sponsor}} announces it, and <br> | ::(2) for an {{eqderivprov|Index Cancellation}}, the {{eqderivprov|Transaction}} will be cancelled on the later of the {{eqderivprov|Exchange Business Day}} before the {{eqderivprov|Index Cancellation}} is effective and the date the {{eqderivprov|Index Sponsor}} announces it, and <br> | ||
::(3) | ::(3) following announcement of an {{eqderivprov|Index Modification}}, either party may elect, on two {{eqderivprov|Scheduled Trading Days}}’ notice (or less, so that termination occurs by the {{eqderivprov|Index Modification}} date), to cancel the {{eqderivprov|Transaction}} by the {{eqderivprov|Scheduled Trading Day}} before the {{eqderivprov|Index Modification}} becomes effective and | ||
:::(X) for {{eqderivprov|Option Transaction}}s, {{eqderivprov|Seller}} will pay to {{eqderivprov|Buyer}} the Section {{eqderivprov|12.7(b)(ii)}} amount and | |||
:::(Y) for [[Share Swap Transaction - Equity Derivatives Provision|Swap]] and [[Forward Transaction - Equity Derivatives Provision|Forward Transaction]]s, one party will pay the other the Section {{eqderivprov|12.7(c)}} amount. | |||
::Any {{eqderivprov|Transaction}} cancelled following an {{eqderivprov|Index Adjustment Event}} will be valued using the {{eqderivprov|Index}} calculation method in effect immediately before the {{eqderivprov|Index Adjustment Event}}. <br> | |||