Template:2002 ISDA Equity Derivatives Definitions 6.3(c): Difference between revisions
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{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}'''. "{{eqderivprov|Exchange Disruption}}" means any event (other than an Early <br>Closure) that disrupts or impairs (as determined by the {{eqderivprov|Calculation Agent}}) the ability of market <br>participants in general (i) to effect transactions in, or obtain market values for, the {{eqderivprov|Shares}} on the <br>{{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, on any relevant <br>{{eqderivprov|Exchange}}(s) in securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}), or (ii) to <br>effect transactions in, or obtain market values for, futures or options contracts relating to the Share or the <br>relevant {{eqderivprov|Index}} on any relevant {{eqderivprov|Related Exchange}}. | :{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}'''. "{{eqderivprov|Exchange Disruption}}" means any event (other than an Early <br>Closure) that disrupts or impairs (as determined by the {{eqderivprov|Calculation Agent}}) the ability of market <br>participants in general (i) to effect transactions in, or obtain market values for, the {{eqderivprov|Shares}} on the <br>{{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, on any relevant <br>{{eqderivprov|Exchange}}(s) in securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}), or (ii) to <br>effect transactions in, or obtain market values for, futures or options contracts relating to the Share or the <br>relevant {{eqderivprov|Index}} on any relevant {{eqderivprov|Related Exchange}}. | ||
Revision as of 09:14, 30 October 2012
- 6.3(c) Exchange Disruption. "Exchange Disruption" means any event (other than an Early
Closure) that disrupts or impairs (as determined by the Calculation Agent) the ability of market
participants in general (i) to effect transactions in, or obtain market values for, the Shares on the
Exchange (or in the case of an Index Transaction or Index Basket Transaction, on any relevant
Exchange(s) in securities that comprise 20 percent or more of the level of the relevant Index), or (ii) to
effect transactions in, or obtain market values for, futures or options contracts relating to the Share or the
relevant Index on any relevant Related Exchange.