Template:M summ Equity Derivatives 12.9(a)(iii)

From The Jolly Contrarian
Revision as of 14:13, 19 May 2022 by Amwelladmin (talk | contribs)
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Not generally stipulated as an 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.