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Template:Nutshell Equity Derivatives 6.3(a): Difference between revisions
Template:Nutshell Equity Derivatives 6.3(a) (view source)
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:(i) a material {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} to a {{eqderivprov|Share}} or {{eqderivprov|Index}} during the hour before the {{eqderivprov|Valuation Time}} (etc), or | :(i) a material {{eqderivprov|Trading Disruption}} or {{eqderivprov|Exchange Disruption}} to a {{eqderivprov|Share}} or {{eqderivprov|Index}} during the hour before the {{eqderivprov|Valuation Time}} (etc), or | ||
:(ii) an {{eqderivprov|Early Closure}}. <br> | :(ii) an {{eqderivprov|Early Closure}}. <br> | ||
To work out whether there is a {{eqderivprov|Market Disruption Event}} on an {{eqderivprov|Index}} due to a {{eqderivprov|Market Disruption Event}} on one of its component securities, then the {{isdaprov|Calculation Agent}} will determine the percentage that security contributes to the {{eqderivprov|Index}} by comparing (x) how much of the {{ | To work out whether there is a {{eqderivprov|Market Disruption Event}} on an {{eqderivprov|Index}} due to a {{eqderivprov|Market Disruption Event}} on one of its component securities, then the {{isdaprov|Calculation Agent}} will determine the percentage that security contributes to the {{eqderivprov|Index}} by comparing (x) how much of the {{eqderivprov|Index}} level is attributable to that security with (y) the {{eqderivprov|Index}} level just before the {{eqderivprov|Market Disruption Event}} happened.<br> | ||