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

:{{eqderivprov|11.1(b)}} If (i) on or prior to any {{eqderivprov|Valuation Date}} in respect of an {{eqderivprov|Index Transaction}} or Index <br>Basket Transaction, a relevant {{eqderivprov|Index Sponsor}} announces that it will make a material change in the <br>formula for or the method of calculating that {{eqderivprov|Index}} or in any other way materially modifies that {{eqderivprov|Index}} <br>(other than a modification prescribed in that formula or method to maintain that {{eqderivprov|Index}} in the event of <br>changes in constituent stock and capitalization and other routine events) (an "'''{{eqderivprov|Index Modification}}'''") or <br>permanently cancels the {{eqderivprov|Index}} and no {{eqderivprov|Successor Index}} exists (an "'''{{eqderivprov|Index Cancellation}}'''") or (ii) on any <br>{{eqderivprov|Valuation Date}} in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, the {{eqderivprov|Index Sponsor}} fails to <br>calculate and announce a relevant {{eqderivprov|Index}} (an "'''{{eqderivprov|Index Disruption}}'''" and together with an {{eqderivprov|Index Modification}} <br>and an {{eqderivprov|Index Cancellation}}, each an "'''{{eqderivprov|Index Adjustment Event}}'''"), then: <br>