Template:2002 ISDA Equity Derivatives Definitions 1.37: Difference between revisions

Section {{eqderivprov|1.37}}. '''{{eqderivprov|Settlement Cycle}}'''. "'''{{eqderivprov|Settlement Cycle}}'''" means, in respect of an Index or Share, the <br>period of {{eqderivprov|Clearance System Business Days}} following a trade in the shares underlying such {{eqderivprov|Index}} or such <br>{{eqderivprov|Shares}}, as the case may be, on the {{eqderivprov|Exchange}} in which settlement will customarily occur according to the <br>rules of such {{eqderivprov|Exchange}} (or, if there are multiple {{eqderivprov|Exchanges}} in respect of an {{eqderivprov|Index}}, the longest such <br>period), and in respect of an {{eqderivprov|Exchange-traded Contract}}, the period of {{eqderivprov|Exchange Business Days}} following <br>a trade in such {{eqderivprov|Exchange-traded Contract}} on the {{eqderivprov|Exchange}} in which settlement will customarily occur <br>according to the rules of such {{eqderivprov|Exchange}}. <br>