Template:M summ Equity Derivatives 12.9(a)(v): Difference between revisions

Template:M summ Equity Derivatives 12.9(a)(v) (view source)

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	It isn’t brilliantly worded, but the spirit is clear: it is not just that your particular [[hedge]] that you actually had on went kaput, but that you could find any reasonably suitable replacement for it. You can’t be picky. Okay, the equities market might be locked up, but what about [[futures]]? I grant you, if the underlying market is disrupted, it’s likely the listed futures market will be too, but you never know. How about [[ADR]]s or [[GDR]]s?		It isn’t brilliantly worded, but the spirit is clear: it is not just that your particular [[hedge]] that you actually had on went kaput, but that you could find any reasonably suitable replacement for it. You can’t be picky. Okay, the equities market might be locked up, but what about [[futures]]? I grant you, if the underlying market is disrupted, it’s likely the listed futures market will be too, but you never know. How about [[ADR]]s or [[GDR]]s?

	~~{{triplecocktail}}~~