Template:Nutshell Equity Derivatives 1.51: Difference between revisions

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Section {{eqderivprov|1.50}}. “'''{{eqderivprov|Knock-in Valuation Time}}'''” means the specified time on any {{eqderivprov|Knock-in Determination Day}} or, if there is none, the {{eqderivprov|Valuation Time}} specified in the related {{eqderivprov|Confirmation}}, or if none, the {{eqderivprov|Scheduled Closing Time}} on the relevant exchange for the {{eqderivprov|Knock-in Reference Security}} on any {{eqderivprov|Knock-in Determination Day}}
Section {{eqderivprov|1.50}}. “'''{{eqderivprov|Knock-out Valuation Time}}'''” means the specified time on any {{eqderivprov|Knock-out Determination Day}} or, if there is none, the {{eqderivprov|Valuation Time}} specified in the related {{eqderivprov|Confirmation}}, or if none, the {{eqderivprov|Scheduled Closing Time}} on the relevant exchange for the {{eqderivprov|Knock-out Reference Security}} on any {{eqderivprov|Knock-out Determination Day}}


If an exchange closes early and before the specified {{eqderivprov|Knock-in Valuation Time}}, the {{eqderivprov|Knock-in Valuation Time}} will be that actual closing time. <br>
If an exchange closes early and before the specified {{eqderivprov|Knock-out Valuation Time}}, the {{eqderivprov|Knock-out Valuation Time}} will be that actual closing time. <br>