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Template:2002 ISDA Equity Derivatives Definitions 6.7(b): Difference between revisions
Template:2002 ISDA Equity Derivatives Definitions 6.7(b) (view source)
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::(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}}; | ::(i) in respect of an {{eqderivprov|Index Transaction}} or {{eqderivprov|Cash-settled}} {{eqderivprov|Share Transaction}}, the arithmetic mean of the {{eqderivprov|Relevant Prices}} of the {{eqderivprov|Index}} or the {{eqderivprov|Shares}} on each {{eqderivprov|Averaging Date}}; | ||
::(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and | ::(ii) in respect of an {{eqderivprov|Index Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the {{eqderivprov|Relevant Prices}} of each {{eqderivprov|Index}} comprised in the {{eqderivprov|Basket}} (weighted or adjusted in relation to each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}); and | ||
::(iii) in respect of a {{eqderivprov|Cash-settled | ::(iii) in respect of a {{eqderivprov|Cash-settled Share Basket Transaction}}, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} determined by the {{eqderivprov|Calculation Agent}} as provided in the related {{eqderivprov|Confirmation}} as of the relevant {{eqderivprov|Valuation Time}}(s) on each {{eqderivprov|Averaging Date}} or, if no means for determining the {{eqderivprov|Settlement Price}} or the {{eqderivprov|Final Price}} are so provided, the arithmetic mean of the amounts for the {{eqderivprov|Basket}} calculated on each {{eqderivprov|Averaging Date}} as the sum of the values calculated for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of (A) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and (B) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. <br> | ||