Template:Nutshell Equity Derivatives 6.3(c): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with ":{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}''' means any event (other than an {{eqderivprov|Early Closure}}) that the {{eqderivprov|Calculation Agent}} dete...") Tags: Mobile edit Mobile web edit |
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:{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}''' means any event (other than an {{eqderivprov|Early Closure}}) that the {{eqderivprov|Calculation Agent}} determines impedes market participants trading or valuing: | :{{eqderivprov|6.3(c)}} '''{{eqderivprov|Exchange Disruption}}''' means any event (other than an {{eqderivprov|Early Closure}}) that the {{eqderivprov|Calculation Agent}} determines impedes market participants trading or valuing: | ||
::(i) {{eqderivprov|Shares}} on {{eqderivprov|Exchange}} (or for {{eqderivprov|Index Transaction}}s | ::(i) {{eqderivprov|Shares}} on an {{eqderivprov|Exchange}} (or, for {{eqderivprov|Index Transaction}}s and {{eqderivprov|Index Basket Transaction}}s, on {{eqderivprov|Exchange}}s whose securites comprise at least 20 percent of the {{eqderivprov|Index}} level), or | ||
::(ii) [[futures]] or [[options]] contracts on the {{eqderivprov|Share}} or the {{eqderivprov|Index}} on any {{eqderivprov|Related Exchange}}. <br> | ::(ii) [[futures]] or [[options]] contracts on the {{eqderivprov|Share}} or the {{eqderivprov|Index}} on any {{eqderivprov|Related Exchange}}. <br> | ||
Latest revision as of 23:03, 26 March 2020
- 6.3(c) Exchange Disruption means any event (other than an Early Closure) that the Calculation Agent determines impedes market participants trading or valuing:
- (i) Shares on an Exchange (or, for Index Transactions and Index Basket Transactions, on Exchanges whose securites comprise at least 20 percent of the Index level), or
- (ii) futures or options contracts on the Share or the Index on any Related Exchange.