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Market Disruption Event - Equity Derivatives Provision: Difference between revisions
Market Disruption Event - Equity Derivatives Provision (view source)
Revision as of 11:25, 29 June 2015
, 29 June 2015→What counts as Market Disruption?
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=====What counts as Market Disruption?===== | =====What counts as Market Disruption?===== | ||
A {{eqderivprov|Market Disruption Event}} is a {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} at any time during the hour before any {{eqderivprov|Valuation Time}} or {{eqderivprov|Exercise Time}}, or {{eqderivprov|Early Closure}}. | A {{eqderivprov|Market Disruption Event}} is a {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} at any time during the hour before any {{eqderivprov|Valuation Time}} or {{eqderivprov|Exercise Time}}, or {{eqderivprov|Early Closure}}. | ||
*'''{{eqderivprov|Trading Disruption}}''': suspension/limitation in trading on an underlier (or futures on it) on any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}}*'''{{eqderivprov|Exchange Disruption}}''': any event that impairs the ability to value, settle transactions across any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}} | *'''{{eqderivprov|Trading Disruption}}''': suspension/limitation in trading on an underlier (or futures on it) on any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}} | ||
*'''{{eqderivprov|Exchange Disruption}}''': any event that impairs the ability to value, settle transactions across any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}} | |||
*'''{{eqderivprov|Early Closure}}''': the closure of any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}} prior to scheduled closing time unless announced at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on that exchange and (ii) the submission deadline for orders on {{eqderivprov|Exchange}} for execution at the {{eqderivprov|Valuation Time}} | *'''{{eqderivprov|Early Closure}}''': the closure of any {{eqderivprov|Exchange}}/{{eqderivprov|Related Exchange}} prior to scheduled closing time unless announced at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on that exchange and (ii) the submission deadline for orders on {{eqderivprov|Exchange}} for execution at the {{eqderivprov|Valuation Time}} | ||