Template:Nutshell Equity Derivatives 1.20

1.20. “Number of Shares” means:

(a) For a Share Option Transaction: Number of Options * Option Entitlement;

(b) For a Share Forward Transaction or a Share Swap Transaction: The number of Shares specified in the Confirmation; and

(c) For each Issuer in a Share Basket Transaction: the number of Shares of that Issuer specified in the Confirmation.