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Template:Capsule options exchange adjustment: Difference between revisions
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, 24 January 2020→Where there are no exchange-traded options
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===Where there are no [[Options Exchange - Equity Derivatives Provision|exchange-traded options]]=== | ===Where there are no [[Options Exchange - Equity Derivatives Provision|exchange-traded options]]=== | ||
You do have to love {{icds}}, don’t you: for who else would take the time to consider what to do when you have selected {{eqderivprov|Options Exchange Adjustment}} for Shares that don’t have any [[Options Exchange - Equity Derivatives Provision|exchange-traded options]]. Look, folks, if there are no [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] on the underlying shares, then ''don’t select {{eqderivprov|Options Exchange Adjustment}} as your {{eqderivprov|Method of Adjustment}} for crying out loud''. | You do have to love {{icds}}, don’t you: for who else would take the time to consider what to do when you have selected {{eqderivprov|Options Exchange Adjustment}} for {{eqderivprov|Shares}} that ''don’t have any [[Options Exchange - Equity Derivatives Provision|exchange-traded options]]''. Look, folks, if there are no [[Options Exchange - Equity Derivatives Provision|exchange-traded options]] on the underlying shares, then ''don’t select {{eqderivprov|Options Exchange Adjustment}} as your {{eqderivprov|Method of Adjustment}} for crying out loud''. | ||
If he were in a more patient mood, the [[JC]] might suppose that options may unexpectedly cease trading on exchange after a {{eqderivprov|Transaction}} is executed, or may be temporarily suspended — and perhaps ’an event having a concentrative or dilutive effect on the value of the shares might be just the thing to cause a suspension or delisting. But even this is a recommendation to plump for [[Calculation Agent Adjustment (Share Transactions) - Equity Derivatives Provision|Calculation Agent Adjustment]] under {{eqderivprov|11.2(b)}}. You would think. I know, I know: ''but the {{eqderivprov|Calculation Agent}} might rip my face off!'' Not one who understands the [[commercial imperative]]. <br> | If he were in a more patient mood, the [[JC]] might suppose that options may unexpectedly cease trading on exchange after a {{eqderivprov|Transaction}} is executed, or may be temporarily suspended — and perhaps ’an event having a concentrative or dilutive effect on the value of the shares might be just the thing to cause a suspension or delisting. But even this is a recommendation to plump for [[Calculation Agent Adjustment (Share Transactions) - Equity Derivatives Provision|Calculation Agent Adjustment]] under {{eqderivprov|11.2(b)}}. You would think. I know, I know: ''but the {{eqderivprov|Calculation Agent}} might rip my face off!'' Not one who understands the [[commercial imperative]]. <br> | ||