Template:2002 ISDA Equity Derivatives Definitions 11.1(a): Difference between revisions
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:{{eqderivprov|11.1(a)}} 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) <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> | ||
Revision as of 14:40, 12 November 2012
- 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.