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Template:M summ Equity Derivatives 6.3(a): Difference between revisions
Template:M summ Equity Derivatives 6.3(a) (view source)
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The rubber meets the road in the definition of {{eqderivprov|Disrupted Day}}, whereupon you can find out what happens to your Transaction should you suffer a Market Disruption Event. These apply to Share Transactions, Basket Transactions and Index Transactions: it is least intuitive and most complicated in the case of Index transactions because, having the most underlying components, these are the ones most likely to be only ''partially'' disrupted. | |||
An {{eqderivprov|Index}} is really just an glorified, overgrown dynamic {{eqderivprov|Share}} {{eqderivprov|Basket}}, whose constituents from time to time are determined by a third party “index calculation agent” according to pre-formulated index rules. | An {{eqderivprov|Index}} is really just an glorified, overgrown dynamic {{eqderivprov|Share}} {{eqderivprov|Basket}}, whose constituents from time to time are determined by a third party “index calculation agent” according to pre-formulated index rules. | ||