Template:Nutshell Equity Derivatives 2.3(a): Difference between revisions

Template:Nutshell Equity Derivatives 2.3(a) (view source)

61 bytes removed , 10 May 2022

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-:{{eqderivprov|2.3(a)}} '''{{eqderivprov|Call}}'''. “'''{{eqderivprov|Call}}'''” is an {{eqderivprov|Option Transaction}} where the {{eqderivprov|Buyer}}: <br>
+:{{eqderivprov|2.3(a)}} “'''{{eqderivprov|Call}}'''” means an {{eqderivprov|Option Transaction}} entitling {{eqderivprov|Buyer}}: <br>
-::(i)	'''{{eqderivprov|Cash Settlement}}''': if the {{eqderivprov|Settlement Price}} exceeds the {{eqderivprov|Strike Price}}, exercise a {{eqderivprov|cash-settled}} {{eqderivprov|Call}} to receive an {{eqderivprov|Option Cash Settlement Amount}} from {{eqderivprov|Seller}}; and <br>
+::(i)	'''Where “{{eqderivprov|Cash Settlement}}” applies''': To receive from {{eqderivprov|Seller}} the {{eqderivprov|Option Cash Settlement Amount}} (where the {{eqderivprov|Settlement Price}} exceeds the {{eqderivprov|Strike Price}}); and <br>
-::(ii)	'''{{eqderivprov|Physical Settlement}}''': where the {{eqderivprov|Call}} is {{eqderivprov|physically-settled}}, purchase {{eqderivprov|Shares}} (or {{eqderivprov|Baskets}}) from {{eqderivprov|Seller}} at the {{eqderivprov|Settlement Price}}, <br>
+::(ii)	'''Where “{{eqderivprov|Physical Settlement}}” applies''': To buy {{eqderivprov|Shares}} (or {{eqderivprov|Baskets}}) from {{eqderivprov|Seller}} at the {{eqderivprov|Settlement Price}} per {{eqderivprov|Share}} or {{eqderivprov|Basket}}. <br>