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Template:Nutshell Equity Derivatives 5.9: Difference between revisions
Template:Nutshell Equity Derivatives 5.9 (view source)
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Amwelladmin (talk | contribs) (Created page with "Section {{eqderivprov|5.9}}. '''{{eqderivprov|Final Price}}'''. “'''{{eqderivprov|Final Price}}'''” means, for each {{eqderivprov|Valuation Date}} as determined by the {{e...") |
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:(a) '''{{eqderivprov|Index Swap Transaction}}s''': the {{eqderivprov|Index}} level as of the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}}; | :(a) '''{{eqderivprov|Index Swap Transaction}}s''': the {{eqderivprov|Index}} level as of the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}}; | ||
:(b) '''{{eqderivprov|Share Swap Transaction}}s''': the price per {{eqderivprov|Share}} as of the {{eqderivprov|Valuation Time}} on the Valuation Date or, if no means for determining the {{eqderivprov|Final Price}} are provided in the {{eqderivprov|Confirmation}}: | :(b) '''{{eqderivprov|Share Swap Transaction}}s''': the price per {{eqderivprov|Share}} as of the {{eqderivprov|Valuation Time}} on the Valuation Date or, if no means for determining the {{eqderivprov|Final Price}} are provided in the {{eqderivprov|Confirmation}}: | ||
::(i) | ::(i) For {{eqderivprov|Exchange}}s that are “open outcry” exchanges that have a price as of the {{eqderivprov|Valuation Time}}, the offical price per {{eqderivprov|Share}} at the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} reported by the {{eqderivprov|Exchange}}; and | ||
::(ii) | ::(ii) For {{eqderivprov|Exchange}}s that are dealer quotation systems, the mid-point of the highest bid and lowest ask prices quoted at or immediately before the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} (without regard to quotations that “lock” or “cross” the system); | ||
:(c) '''{{eqderivprov|Index Basket Swap Transaction}}s''': The sum of the {{eqderivprov|Relevant Prices}} (weighted for each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}) for the {{eqderivprov|Indices}} comprised in the {{eqderivprov|Basket}}; and | :(c) '''{{eqderivprov|Index Basket Swap Transaction}}s''': The sum of the {{eqderivprov|Relevant Prices}} (weighted for each {{eqderivprov|Index}} as provided in the related {{eqderivprov|Confirmation}}) for the {{eqderivprov|Indices}} comprised in the {{eqderivprov|Basket}}; and | ||
:(d) '''{{eqderivprov|Share Basket Swap Transaction}}s''': The sum of the values for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of | :(d) '''{{eqderivprov|Share Basket Swap Transaction}}s''': The sum of the values for the {{eqderivprov|Shares}} of each {{eqderivprov|Issuer}} as the product of | ||
::(i) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and | ::(i) the {{eqderivprov|Relevant Price}} of such {{eqderivprov|Share}} and | ||
::(ii) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. | ::(ii) the relevant {{eqderivprov|Number of Shares}} comprised in the {{eqderivprov|Basket}}. | ||