Template:Nutshell Equity Derivatives 11.2(d): Difference between revisions

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:{{eqderivprov|11.2(d)}} “'''{{eqderivprov|Options Exchange}}'''” will be specified in the {{eqderivprov|Confirmation}} and includes any successor or substitute exchange or quotation system on which options contracts on the {{eqderivprov|Share}}s have relocated (though the {{eqderivprov|Calculation Agent}} must be satisfied there is comparable liquidity to the specified {{eqderivprov|Options Exchange}}) or, if one is not specified, the {{eqderivprov|Related Exchange}} the {{eqderivprov|Calculation Agent}} determines is the primary market for listed options contracts relating to the relevant {{eqderivprov|Share}}. <br>
:{{eqderivprov|11.2(d)}} “'''{{eqderivprov|Options Exchange}}'''” means the exchange or quotation system specified as such in the related {{eqderivprov|Confirmation}}, any successor to such exchange or quotation system or any substitute exchange or quotation system to which trading in options contracts relating to the relevant {{eqderivprov|Share}} has temporarily relocated (provided that the {{eqderivprov|Calculation Agent}} has determined that there is comparable liquidity relative to such options contracts on such temporary substitute exchange or quotation system as on the original {{eqderivprov|Options Exchange}}) or, if no such exchange or quotation system is specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Related Exchange}} (if such {{eqderivprov|Related Exchange}} trades options contracts relating to the relevant Share) or, if more than one such {{eqderivprov|Related Exchange}} is specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Related Exchange}} selected by the {{eqderivprov|Calculation Agent}} as the primary market for listed options contracts relating to the relevant {{eqderivprov|Share}}. <br>