Template:2002 ISDA Equity Derivatives Definitions 11.1(a): Difference between revisions
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{{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|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> | ||
Latest revision as of 11:06, 13 September 2018
11.1(a) [Successor Indices]. If, in respect of an Index Transaction or Index Basket Transaction, a relevant Index is (i) not calculated and announced by the Index Sponsor but is calculated and announced by a successor sponsor acceptable to the Calculation Agent, or (ii) replaced by a successor index using, in the determination of the Calculation Agent, the same or a substantially similar formula for and method of calculation as used in the calculation of that Index, then in each case that index (the “Successor Index”) will be deemed to be the Index.