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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). | ||
=== | ===Definitions=== | ||
==== {{eqderivprov|12.1(a)}}. “{{eqderivprov|Extraordinary Event}}” ==== | |||
=== {{eqderivprov|12.1(a)}}. “{{eqderivprov|Extraordinary Event}}” === | |||
{{M summ Equity Derivatives 12.1(a)}} | {{M summ Equity Derivatives 12.1(a)}} | ||
=== {{eqderivprov|12.1(b)}}. “{{eqderivprov|Merger Event}}” === | ==== {{eqderivprov|12.1(b)}}. “{{eqderivprov|Merger Event}}” ==== | ||
=== {{eqderivprov|12.1(c)}}. “{{eqderivprov|Merger Date}}” === | {{M summ Equity Derivatives 12.1(b)}} | ||
=== {{eqderivprov|12.1(d)}}. “{{eqderivprov|Tender Offer}}” | ==== {{eqderivprov|12.1(c)}}. “{{eqderivprov|Merger Date}}” ==== | ||
{{M summ Equity Derivatives 12.1(c)}} | |||
=== {{eqderivprov|12.1(f)}}. “{{eqderivprov|Share-for-Share}}” === | ==== {{eqderivprov|12.1(d)}} and (e). “{{eqderivprov|Tender Offer}}” and “{{eqderivprov|Tender Offer Date}}” ==== | ||
=== {{eqderivprov|12.1(g)}}. “{{eqderivprov|Share-for-Other}}” === | {{M summ Equity Derivatives 12.1(d)}} | ||
=== {{eqderivprov|12.1(h)}}. “{{eqderivprov|Share-for-Combined}}” === | ==== {{eqderivprov|12.1(f)}}. “{{eqderivprov|Share-for-Share}}” ==== | ||
=== {{eqderivprov|12.1(i)}}. “{{eqderivprov|New Shares}}” === | {{M summ Equity Derivatives 12.1(f)}} | ||
=== {{eqderivprov|12.1(j)}}. “{{eqderivprov|Other Consideration}}” === | ==== {{eqderivprov|12.1(g)}}. “{{eqderivprov|Share-for-Other}}” ==== | ||
=== {{eqderivprov|12.1(k)}}. “{{eqderivprov|Combined Consideration}}” === | {{M summ Equity Derivatives 12.1(g)}} | ||
=== {{eqderivprov|12.1(l)}}. “{{eqderivprov|Announcement Date}}” === | ==== {{eqderivprov|12.1(h)}}. “{{eqderivprov|Share-for-Combined}}” ==== | ||
=== {{eqderivprov|12.1(m)}}. “{{eqderivprov|Implied Volatility}}” === | {{M summ Equity Derivatives 12.1(h)}} | ||
=== {{eqderivprov|12.1(n)}}. “{{eqderivprov|Affected Shares}}” === | ==== {{eqderivprov|12.1(i)}}. “{{eqderivprov|New Shares}}” ==== | ||
{{M summ Equity Derivatives 12.1(i)}} | |||
==== {{eqderivprov|12.1(j)}}. “{{eqderivprov|Other Consideration}}” ==== | |||
{{M summ Equity Derivatives 12.1(j)}} | |||
==== {{eqderivprov|12.1(k)}}. “{{eqderivprov|Combined Consideration}}” ==== | |||
{{M summ Equity Derivatives 12.1(k)}} | |||
==== {{eqderivprov|12.1(l)}}. “{{eqderivprov|Announcement Date}}” ==== | |||
{{M summ Equity Derivatives 12.1(l)}} | |||
==== {{eqderivprov|12.1(m)}}. “{{eqderivprov|Implied Volatility}}” ==== | |||
{{M summ Equity Derivatives 12.1(m)}} | |||
==== {{eqderivprov|12.1(n)}}. “{{eqderivprov|Affected Shares}}” ==== | |||
{{M summ Equity Derivatives 12.1(n)}} |