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Template:2002 ISDA Equity Derivatives Definitions 3.1(a): Difference between revisions
Template:2002 ISDA Equity Derivatives Definitions 3.1(a) (view source)
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:{{eqderivprov|3.1(a)}} '''{{eqderivprov|Exercise Period}}'''. “'''{{eqderivprov|Exercise Period}}'''” means, unless otherwise specified in the related {{eqderivprov|Confirmation}}, | :{{eqderivprov|3.1(a)}} '''{{eqderivprov|Exercise Period}}'''. “'''{{eqderivprov|Exercise Period}}'''” means, unless otherwise specified in the related {{eqderivprov|Confirmation}}, <br> | ||
::(i) in respect of an {{eqderivprov|American Option}}, all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br> | ::(i) in respect of an {{eqderivprov|American Option}}, all {{eqderivprov|Scheduled Trading Days}} from, and including, the {{eqderivprov|Commencement Date}} to, and including, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, <br> | ||
::(ii) in respect of a {{eqderivprov|Bermuda Option}}, each {{eqderivprov|Potential Exercise Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}} and the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br> | ::(ii) in respect of a {{eqderivprov|Bermuda Option}}, each {{eqderivprov|Potential Exercise Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}} and the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Latest Exercise Time}}, and <br> | ||
::(iii) in respect of a {{eqderivprov|European Option}}, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br> | ::(iii) in respect of a {{eqderivprov|European Option}}, the {{eqderivprov|Expiration Date}} between 9:00 a.m. and the {{eqderivprov|Expiration Time}}. <br> | ||
:All times specified in this paragraph shall be, unless otherwise specified in the related {{eqderivprov|Confirmation}}, local time in the location specified in the related {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} of notices relating to the {{eqderivprov|Transaction}} or, where an agent is designated by {{eqderivprov|Seller}} for the purpose of receiving notice of exercise (“'''{{eqderivprov|Seller’s Agent}}'''”), local time in the specified location of {{eqderivprov|Seller’s Agent}} or, where no such location is specified in the related {{eqderivprov|Confirmation}}, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br> | :All times specified in this paragraph shall be, unless otherwise specified in the related {{eqderivprov|Confirmation}}, local time in the location specified in the related {{eqderivprov|Confirmation}} for receipt by {{eqderivprov|Seller}} of notices relating to the {{eqderivprov|Transaction}} or, where an agent is designated by {{eqderivprov|Seller}} for the purpose of receiving notice of exercise (“'''{{eqderivprov|Seller’s Agent}}'''”), local time in the specified location of {{eqderivprov|Seller’s Agent}} or, where no such location is specified in the related {{eqderivprov|Confirmation}}, local time in the jurisdiction of the {{eqderivprov|Exchange}}. <br> | ||