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

Template:M summ Equity Derivatives 12.8(f) (view source)

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→‎Two {{eqderivprov|Determining Parties}}?

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 {{Calculation agent versus determination agent}}
 ===Two {{eqderivprov|Determining Parties}}?===
-Yes, it does say this, but no, you shouldn’t go there. For a lengthy disquisition on why not, see the commentary to Section {{eqderivprov|12.7(c)}}. But do at least try to have ''one'': the ’squad, in their infinite wisdom — or perhaps indulging in some cosmic sense of humour, did not provide for a fallback should you neglect to appoint a {{eqderivprov|Determining Party}} in your {{eqderivprov|Confirmation}} at all (it would be nice if it defaulted to the {{eqderivprov|Hedging Party}}, of even the {{eqderivprov|Calculation Agent}}, so at least there was ''someone'' in charge of calculating what happens on a {{eqderivprov|Disruption Event}}, but no. Otherwise it might make for some squeaky bottoms should things suddenly, collectively, go [[Tetas arriba|tetas arriba]]. But in ''spirit'' — for whatever that is worth — it should be the person doing the hedging.
+Yes, it does say this, but no, you shouldn’t go there. For a lengthy disquisition on why not, see the commentary to Section {{eqderivprov|12.7(c)}}.
+===Fewer than ''one'' {{eqderivprov|Determining Party}}?===
+But do at least try to have ''one'': the ’squad, in their infinite wisdom — or perhaps indulging in some cosmic sense of humour, did not provide for a fallback should you neglect to appoint a {{eqderivprov|Determining Party}} in your {{eqderivprov|Confirmation}} at all (it would be nice if it defaulted to the {{eqderivprov|Hedging Party}}, of even the {{eqderivprov|Calculation Agent}}, so at least there was ''someone'' in charge of calculating what happens on a {{eqderivprov|Disruption Event}}, but no. Otherwise it might make for some squeaky bottoms should things suddenly, collectively, go [[Tetas arriba|tetas arriba]]. But in ''spirit'' — for whatever that is worth — it should be the person doing the hedging.