Template:2002 ISDA Equity Derivatives Definitions 1.26: Difference between revisions

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Section {{eqderivprov|1.26}}. '''{{eqderivprov|Related Exchange}}'''. "'''{{eqderivprov|Related Exchange}}'''” means, subject to the proviso below, in <br>respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}} or a {{eqderivprov|Share}} relating to a <br>{{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each exchange or quotation system specified as such for <br>such {{eqderivprov|Index}} or {{eqderivprov|Share}} in the related {{isdaprov|Confirmation}}, any successor to such exchange or quotation system or <br>any substitute exchange or quotation system to which trading in futures or options contracts relating to <br>such {{eqderivprov|Index}} or such {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation}} Agent has determined <br>that there is comparable liquidity relative to the futures or options contracts relating to such {{eqderivprov|Index}} or such <br>{{eqderivprov|Share}} on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Related Exchange}}), <br>provided, however, that where "{{eqderivprov|All Exchanges}}” is specified as the {{eqderivprov|Related Exchange}} in the related <br>{{eqderivprov|Confirmation}}, "{{eqderivprov|Related Exchange}}” shall mean each exchange or quotation system where trading has a <br>material effect (as determined by the {{eqderivprov|Calculation Agent}}) on the overall market for futures or options <br>contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}}. <br>
Section {{eqderivprov|1.26}}. '''{{eqderivprov|Related Exchange}}'''. '''{{eqderivprov|Related Exchange}}'''” means, subject to the proviso below, in respect of an {{eqderivprov|Index}} relating to an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}} or a {{eqderivprov|Share}} relating to a {{eqderivprov|Share Transaction}} or {{eqderivprov|Share Basket Transaction}}, each exchange or quotation system specified as such for such {{eqderivprov|Index}} or {{eqderivprov|Share}} in the related {{isdaprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to the futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}} on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Related Exchange}}), provided, however, that where “'''{{eqderivprov|All Exchanges}}'''” is specified as the {{eqderivprov|Related Exchange}} in the related {{eqderivprov|Confirmation}}, “'''{{eqderivprov|Related Exchange}}'''” shall mean each exchange or quotation system where trading has a material effect (as determined by the {{eqderivprov|Calculation Agent}}) on the overall market for futures or options contracts relating to such {{eqderivprov|Index}} or such {{eqderivprov|Share}}. <br>