Template:M comp disc Equity Derivatives 12.9(b)(ii)

From The Jolly Contrarian
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Physical settlement only

A beast of a definition, even when nutshelled, but relevant only if physical settlement is your bag. If you cash settle your equity swaps — and in synthetic prime brokerage, that’s kinda the point, you know — you can keep on truckin’.

On that note: RIGHT HAND TURN, CLYDE.