Template:M summ Equity Derivatives 12.1: Difference between revisions

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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}}===
===Definitions===
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.”
==== {{eqderivprov|12.1(a)}}. “{{eqderivprov|Extraordinary Event}}” ====
{{M summ Equity Derivatives 12.1(a)}}
==== {{eqderivprov|12.1(b)}}. “{{eqderivprov|Merger Event}}” ====
{{M summ Equity Derivatives 12.1(b)}}
==== {{eqderivprov|12.1(c)}}. “{{eqderivprov|Merger Date}}” ====
{{M summ Equity Derivatives 12.1(c)}}
==== {{eqderivprov|12.1(d)}} and (e). “{{eqderivprov|Tender Offer}}” and “{{eqderivprov|Tender Offer Date}}” ====
{{M summ Equity Derivatives 12.1(d)}}
==== {{eqderivprov|12.1(f)-(k)}}. “{{eqderivprov|Share-for-Share}}”, “{{eqderivprov|Share-for-Other}}”, {{eqderivprov|Share-for-Combined}}, {{eqderivprov|New Shares}}, “{{eqderivprov|Other Consideration}}”, “{{eqderivprov|Combined Consideration}}”====
{{M summ Equity Derivatives 12.1(f)-(k)}}
 
==== {{eqderivprov|12.1(k)}}.  ====
{{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)}}