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Template:M comp disc Equity Derivatives 12.8: Difference between revisions
Template:M comp disc Equity Derivatives 12.8 (view source)
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:“[[Cancellation Amount - Equity Derivatives Provision|This provision]] has been amended heavily and now runs to over 10 pages. It sets out different optional methods of calculating the transaction value, rather than following a purely replacement value approach (as under the 2002 Definitions) which was considered not to be appropriate in all cases. Greater detail is also provided as to how and when the {{eqderivprov|Cancellation Amount}} is to be determined, what data is to be taken into account and how losses/gains resulting from hedge close-outs are allocated.” | :“[[Cancellation Amount - Equity Derivatives Provision|This provision]] has been amended heavily and now runs to over 10 pages. It sets out different optional methods of calculating the transaction value, rather than following a purely replacement value approach (as under the 2002 Definitions) which was considered not to be appropriate in all cases. Greater detail is also provided as to how and when the {{eqderivprov|Cancellation Amount}} is to be determined, what data is to be taken into account and how losses/gains resulting from hedge close-outs are allocated.” | ||
On the other hand, in that parallel universe there is also a squadron of [[Linklaters]] [[FPML]] [[Flight 19|Avenger torpedo bomber]] pilots that survived to a ripe old age, and now while away their days in front of the hearthstone, regaling their grandchildren about the time they saved western civilisation as we know it by converting | On the other hand, in that parallel universe there is also a squadron of [[Linklaters]] [[FPML]] [[Flight 19|Avenger torpedo bomber]] pilots that survived to a ripe old age, and now while away their days in front of the hearthstone, regaling their grandchildren about the time they saved western civilisation as we know it by converting those dangerous, texty old {{eqdefs}} into machine-readable [[Financial products Markup Language|markup language]]. | ||