Template:M summ Equity Derivatives 7
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Settlement Method Election
Much, much simpler than ISDA’s crack drafting squad™ would have you believe. If you have the option to select Cash Settlement or Physical Settlement, then you have to elect that, and if you don’t, the specified fall-backs —either in the Confirmation, or if not, in the 2002 ISDA Equity Derivatives Definitions — will apply.
A work-a-day, sensible provision rendered ghoulish by ISDA’s crack drafting squad™ and its depraved way with words.