Template:M summ Equity Derivatives 12.8(b): Difference between revisions

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Revision as of 18:53, 19 October 2020 (view source) Amwelladmin (talk \| contribs) (Created page with "What to make of that loaded expression commercially reasonable? A good place to look is {{casenote\|Barclays\|Unicredit}}, which considered what a party must do if it is req...")		Latest revision as of 18:53, 19 October 2020 (view source) Amwelladmin (talk \| contribs) No edit summary
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	What to make of that loaded expression [[commercially reasonable]]? A good place to look is {{casenote\|Barclays\|Unicredit}}, which considered what a party must do if it is required to act “in a [[commercially reasonable manner]]”. Basically it is sensible and solemn and workable — you are entitled to consider your own book, your own models and your own axes, and can’t be second guessed by some appeal to the [[hypothetical]].		[[Cancellation Amount - Equity Derivatives Provision\|What]] to make of that loaded expression [[commercially reasonable]]? A good place to look is {{casenote\|Barclays\|Unicredit}}, which considered what a party must do if it is required to act “in a [[commercially reasonable manner]]”. Basically it is sensible and solemn and workable — you are entitled to consider your own book, your own models and your own axes, and can’t be second guessed by some appeal to the [[hypothetical]].

	As a corrective to any irrationally giddy feelings of happiness this may induce, see also {{casenote\|Crowther\|Arbuthnot Latham & Co Ltd}} — yes, you can legitimately consider your own risk situation, and you are best placed to judge it, but all the same this is not a licence to do what the hell you like.		As a corrective to any irrationally giddy feelings of happiness this may induce, see also {{casenote\|Crowther\|Arbuthnot Latham & Co Ltd}} — yes, you can legitimately consider your own risk situation, and you are best placed to judge it, but all the same this is not a licence to do what the hell you like.