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 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>		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>