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Template:M summ Equity Derivatives 12.9(a)(iii): Difference between revisions
Template:M summ Equity Derivatives 12.9(a)(iii) (view source)
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Not generally stipulated as an {{eqderivprov|Additional Disruption Event}} because firstly it would only be relevant in a [[physically-settled]] equity swap, and for a host of reasons taking physical settlement at the conclusion of a synthetic transaction, whose point is partly to avoid a physical exposure, is a bit of a contradiction in terms. Now where you do, for reasons best known to yourself, elect physical settlement this provision allows the innocent party to buy-in and charge any cost differential to the failing party. | [[Failure to Deliver - Equity Derivatives Provision|Not]] generally stipulated as an {{eqderivprov|Additional Disruption Event}} because firstly it would only be relevant in a [[physically-settled]] equity swap, and for a host of reasons taking physical settlement at the conclusion of a synthetic transaction, whose point is partly to avoid a physical exposure, is a bit of a contradiction in terms. Now where you do, for reasons best known to yourself, elect physical settlement this provision allows the innocent party to buy-in and charge any cost differential to the failing party. | ||