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Note that where an {{eqderivprov|Extraordinary Event}} occurs, the {{eqderivprov|Determining Party}}, rather than the {{eqderivprov|Calculation Agent}}, may be the person called on to calculate a {{eqderivprov|Cancellation Amount}}. (This is relevant especially where the {{eqderivprov|Calculation Agent}} is not the {{eqderivprov|Hedging Party}}, as the {{eqderivprov|Hedging Party}} will have definite ideas about how to value cancellation vis a vis its own hedge). | Note that where an {{eqderivprov|Extraordinary Event}} occurs, the {{eqderivprov|Determining Party}}, rather than the {{eqderivprov|Calculation Agent}}, may be the person called on to calculate a {{eqderivprov|Cancellation Amount}}. (This is relevant especially where the {{eqderivprov|Calculation Agent}} is not the {{eqderivprov|Hedging Party}}, as the {{eqderivprov|Hedging Party}} will have definite ideas about how to value cancellation vis a vis its own hedge). | ||
==={{eqderivprov|Share for Share}}=== | ==={{eqderivprov|Share -for-Share}}=== | ||
Is it just is or did {{icds}} hit the wall on the definition of {{eqderivprov|Share for Share}}? What do you mean “and (ii) {{eqderivprov|Reverse Merger}}”? It ''looks like'' something is missing, but we think the rather exasperated tone is basically, “a reverse merger is necessarily {{eqderivprov|Share-for-Share}} so do we really nned to “wrap it round with deemery”, as {{Buchstein}} would say? Well, we are jolly well not going to, so see how you like that.” | Is it just is or did {{icds}} hit the wall on the definition of {{eqderivprov|Share-for-Share}}? What do you ''mean'', “and (ii) {{eqderivprov|Reverse Merger}}”? It ''looks like'' something is missing, but we think the rather exasperated tone is basically, “a reverse merger is necessarily {{eqderivprov|Share-for-Share}} so do we really nned to “wrap it round with deemery”, as {{Buchstein}} would say? Well, we are jolly well not going to, so see how you like that.” |