Template:Nutshell Equity Derivatives 11.1: Difference between revisions

{{eqderivprov|11.1(a)}} '''{{eqderivprov|Successor Indices}}'''. The {{eqderivprov|Calculation Agent}} may deem an {{eqderivprov|Index}} calculated by a successor sponsor to the  {{eqderivprov|Index Sponsor}}, or a “'''{{eqderivprov|Successor Index}}'''” that replaces the {{eqderivprov|Index}} and uses a substantially similar formula and calculation method, to ''be'' the {{eqderivprov|Index}}. <br>

{{eqderivprov|11.1(b)}} '''{{eqderivprov|Index Adjustment Event}}s''': If before any {{eqderivprov|Valuation Date}} the {{eqderivprov|Index Sponsor}} announces a material change to the calculation method of, or materially modifies the {{eqderivprov|Index}}  in any way not contemplated in its formula or method (an “'''{{eqderivprov|Index Modification}}'''”), permanently cancels the {{eqderivprov|Index}} where no {{eqderivprov|Successor Index}} exists (an “'''{{eqderivprov|Index Cancellation}}'''”) or fails to announce a relevant {{eqderivprov|Index}} (an “'''{{eqderivprov|Index Disruption}}'''” (each of these events an “'''{{eqderivprov|Index Adjustment Event}}'''”), then: <br>