Change in Law - Equity Derivatives Provision: Difference between revisions

Change in Law - Equity Derivatives Provision (view source)

24 bytes added , 26 January 2015

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 ==Commentary==
 ===Omission of "material increase in costs" limb===
-Note the industry has generally moved to omit the "{{eqderivprov|Increased Cost of Hedging}}" aspects of this definition. You may also see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply." See also, for example the [[2007 European Master Equity Derivatives Confirmation Agreement]], which provides the following:
+Rhe industry has generally moved to omit the "{{eqderivprov|Increased Cost of Hedging}}" aspects of this definition (because it is dealt with there). You may see this expressed as: "Applicable, provided that section {{eqderivprov|12.9(a)(ii)(Y)}} of the Equity Definitions does not apply." See also, for example, the [[2007 European Master Equity Derivatives Confirmation Agreement]], which provides the following:
 {{eqderivsnap|Amended Change In Law}}