Template:2002 ISDA Equity Derivatives Definitions 11.1(a): Difference between revisions

no edit summary
No edit summary
No edit summary
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
:{{eqderivprov|11.1(a)}} ['''{{eqderivprov|Successor Indices}}''']. If, in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, a relevant {{eqderivprov|Index}} is (i) <br>not calculated and announced by the {{eqderivprov|Index Sponsor}} but is calculated and announced by a successor <br>sponsor acceptable to the {{eqderivprov|Calculation Agent}}, or (ii) replaced by a successor index using, in the <br>determination of the {{eqderivprov|Calculation Agent}}, the same or a substantially similar formula for and method of <br>calculation as used in the calculation of that {{eqderivprov|Index}}, then in each case that index (the "'''{{eqderivprov|Successor Index}}'''") <br>will be deemed to be the {{eqderivprov|Index}}. <br>
{{eqderivprov|11.1(a)}} ['''{{eqderivprov|Successor Indices}}''']. If, in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, a relevant {{eqderivprov|Index}} is (i) not calculated and announced by the {{eqderivprov|Index Sponsor}} but is calculated and announced by a successor sponsor acceptable to the {{eqderivprov|Calculation Agent}}, or (ii) replaced by a successor index using, in the determination of the {{eqderivprov|Calculation Agent}}, the same or a substantially similar formula for and method of calculation as used in the calculation of that {{eqderivprov|Index}}, then in each case that index (the '''{{eqderivprov|Successor Index}}''') will be deemed to be the {{eqderivprov|Index}}. <br>