Template:2002 ISDA Equity Derivatives Definitions 12.9(b)(iii): Difference between revisions
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:{{eqderivprov|12.9(b)(iii)}} If “'''{{eqderivprov|Hedging Disruption}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event the {{eqderivprov|Hedging Party}} may elect, while the {{eqderivprov|Hedging Disruption}} is continuing, to terminate the {{eqderivprov|Transaction}}, upon at least two {{eqderivprov|Scheduled Trading Day}}s’ notice to the {{eqderivprov|Non-Hedging Party}} specifying the date of such termination, in which event the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other.<br> | ::{{eqderivprov|12.9(b)(iii)}} If “'''{{eqderivprov|Hedging Disruption}}'''” is specified in the related {{eqderivprov|Confirmation}} to be applicable to a {{eqderivprov|Transaction}}, then upon the occurrence of such an event the {{eqderivprov|Hedging Party}} may elect, while the {{eqderivprov|Hedging Disruption}} is continuing, to terminate the {{eqderivprov|Transaction}}, upon at least two {{eqderivprov|Scheduled Trading Day}}s’ notice to the {{eqderivprov|Non-Hedging Party}} specifying the date of such termination, in which event the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}} payable by one party to the other.<br> | ||
Latest revision as of 12:01, 13 September 2018
- 12.9(b)(iii) If “Hedging Disruption” is specified in the related Confirmation to be applicable to a Transaction, then upon the occurrence of such an event the Hedging Party may elect, while the Hedging Disruption is continuing, to terminate the Transaction, upon at least two Scheduled Trading Days’ notice to the Non-Hedging Party specifying the date of such termination, in which event the Determining Party will determine the Cancellation Amount payable by one party to the other.
- 12.9(b)(iii) If “Hedging Disruption” is specified in the related Confirmation to be applicable to a Transaction, then upon the occurrence of such an event the Hedging Party may elect, while the Hedging Disruption is continuing, to terminate the Transaction, upon at least two Scheduled Trading Days’ notice to the Non-Hedging Party specifying the date of such termination, in which event the Determining Party will determine the Cancellation Amount payable by one party to the other.