Template:Nutshell Equity Derivatives 6.3(a)
(Redirected from Template:Nutshell 6.3(a) Equity Derivatives Definitions)
6.3(a) “Market Disruption Event” means
- (i) a material Trading Disruption or Exchange Disruption to a Share or Index during the hour before the Valuation Time (etc), or
- (ii) an Early Closure.
To work out whether there is a Market Disruption Event on an Index due to a Market Disruption Event on one of its component securities, the Calculation Agent will determine the percentage that security contributes to the Index by comparing
- (x) how much of the Index level is attributable to that security with
- (y) the Index level just before the Market Disruption Event happened.