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

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{{eqderivprov|6.3(d)}} '''{{eqderivprov|Early Closure}}'''. "'''{{eqderivprov|Early Closure}}'''" means the closure on any Exchange Business Day of <br>the relevant {{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, any relevant <br>{{eqderivprov|Exchange}}(s) relating to securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}) or <br>any {{eqderivprov|Related Exchange}}(s) prior to its {{eqderivprov|Scheduled Closing Time}} unless such earlier closing time is <br>announced by such {{eqderivprov|Exchange}}(s) or {{eqderivprov|Related Exchange}}(s) at least one hour prior to the earlier of (i) the <br>actual closing time for the regular trading session on such {{eqderivprov|Exchange}}(s) or {{eqderivprov|Related Exchange}}(s) on such <br>{{eqderivprov|Exchange Business Day}} and (ii) the submission deadline for orders to be entered into the {{eqderivprov|Exchange}} or <br>{{eqderivprov|Related Exchange}} system for execution at the {{eqderivprov|Valuation Time}} on such {{eqderivprov|Exchange Business Day}}. <br>
:{{eqderivprov|6.3(d)}} '''{{eqderivprov|Early Closure}}'''. “'''{{eqderivprov|Early Closure}}'''” means the closure on any {{eqderivprov|Exchange Business Day}} of the relevant {{eqderivprov|Exchange}} (or in the case of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Index Basket Transaction}}, any relevant {{eqderivprov|Exchange}}(s) relating to securities that comprise 20 percent or more of the level of the relevant {{eqderivprov|Index}}) or any {{eqderivprov|Related Exchange}}(s) prior to its {{eqderivprov|Scheduled Closing Time}} unless such earlier closing time is announced by such {{eqderivprov|Exchange}}(s) or {{eqderivprov|Related Exchange}}(s) at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such {{eqderivprov|Exchange}}(s) or {{eqderivprov|Related Exchange}}(s) on such {{eqderivprov|Exchange Business Day}} and (ii) the submission deadline for orders to be entered into the {{eqderivprov|Exchange}} or {{eqderivprov|Related Exchange}} system for execution at the {{eqderivprov|Valuation Time}} on such {{eqderivprov|Exchange Business Day}}. <br>

Latest revision as of 13:38, 14 July 2017

6.3(d) Early Closure. “Early Closure” means the closure on any Exchange Business Day of the relevant Exchange (or in the case of an Index Transaction or Index Basket Transaction, any relevant Exchange(s) relating to securities that comprise 20 percent or more of the level of the relevant Index) or any Related Exchange(s) prior to its Scheduled Closing Time unless such earlier closing time is announced by such Exchange(s) or Related Exchange(s) at least one hour prior to the earlier of (i) the actual closing time for the regular trading session on such Exchange(s) or Related Exchange(s) on such Exchange Business Day and (ii) the submission deadline for orders to be entered into the Exchange or Related Exchange system for execution at the Valuation Time on such Exchange Business Day.
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