Template:2002 ISDA Equity Derivatives Definitions 6.3(a): Difference between revisions

:{{eqderivprov|6.3(a)}} '''{{eqderivprov|Market Disruption Event}}'''. “'''{{eqderivprov|Market Disruption Event}}'''” means in respect of a {{eqderivprov|Share}} or <br>an {{eqderivprov|Index}}, the occurrence or existence of (i) a {{eqderivprov|Trading Disruption}}, (ii) an {{eqderivprov|Exchange Disruption}}, which in <br>either case the {{eqderivprov|Calculation Agent}} determines is material, at any time during the one hour period that ends <br>at the relevant {{eqderivprov|Valuation Time}}, {{eqderivprov|Latest Exercise Time}}, {{eqderivprov|Knock-in Valuation Time}} or Knock-out Valuation <br>Time, as the case may be, or (iii) an {{eqderivprov|Early Closure}}. For the purposes of determining whether a Market <br>Disruption Event in respect of an {{eqderivprov|Index}} exists at any time, if a {{eqderivprov|Market Disruption Event}} occurs in respect <br>of a security included in the {{eqderivprov|Index}} at any time, then the relevant percentage contribution of that security <br>to the level of the {{eqderivprov|Index}} shall be based on a comparison of (x) the portion of the level of the {{eqderivprov|Index}} <br>attributable to that security and (y) the overall level of the Index, in each case immediately before the <br>occurrence of such {{eqderivprov|Market Disruption Event}}.<br>