Template:M summ Equity Derivatives 12.6: Difference between revisions

Template:M summ Equity Derivatives 12.6 (view source)

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 Note that a {{eqderivprov|Delisting}} covers full cessation of trading but not a suspension of trading, even if indefinite. But in that case a {{eqderivprov|Hedging Disruption}} or - at a pinch - {{eqderivprov|Increased Cost of Hedging}} ought to get you home.
-===Hostile governmental action===
+{{adrs and sanctions}}
-Now imagine that rather than [[Nationalization, Insolvency and Delisting - Equity Derivatives Provision|Nationalizing]], a national government announced some draconian law preventing corporations in its jurisdiction from accessing the international capital markets even through [[depositary receipt]] programmes — you know, something crazy like that.<ref>Attentive readers may wonder whether this is really a figment of the [[JC]]’s imagination, or something the Russian State ''Duma'' actually did, in April 2022.</ref> So say, ooh: the DRs must be converted into underlying shares within a stipulated period, failing which ten days after the new law is published. The share
-*An underlying local issuer