Template:2002 ISDA Equity Derivatives Definitions 6.8: Difference between revisions

Template:2002 ISDA Equity Derivatives Definitions 6.8 (view source)

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 {{2002 ISDA Equity Derivatives Definitions 6.8(f)}}
-(d) Adjustments of the Exchange-traded Contract. Without duplication of Section 11.1
-(which shall govern in the event of any conflict), in the event that the terms of the Exchange-traded
-Contract are changed or modified by the Exchange, the Calculation Agent shall, if necessary, adjust one
-or more of the Strike Price, the Number of Options, the Initial Price, the Forward Price, the Forward
-Floor Price, the Forward Cap Price, the Knock-in Price, the Knock-out Price and/or any other variable
-relevant to the settlement terms of the Transaction to preserve for each party the economic equivalent of
-any payment or payments (assuming satisfaction of each applicable condition precedent) by the parties in
-respect of the Transaction that would have been required after the date of such change.
 (e) Non-Commencement or Discontinuance of the Exchange-traded Contract. If there
 is no Official Settlement Price as a result of the fact that trading in the Exchange-traded Contract never