Template:Nutshell Equity Derivatives 6.7(d): Difference between revisions

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Revision as of 15:32, 11 May 2022 (view source) Amwelladmin (talk \| contribs) (Created page with "{{subst:2002 ISDA Equity Derivatives Definitions 6.7(d)}}")		Latest revision as of 15:36, 11 May 2022 (view source) Amwelladmin (talk \| contribs) No edit summary
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			:{{eqderivprov\|6.7(d)}} '''{{p\|eq\|Adjustments of the Exchange-traded Contract (Averaging)\|Adjustments of the Exchange-traded Contract}}'''. If any {{eqderivprov\|Exchange-traded Contract}} terms are changed by the {{eqderivprov\|Exchange}}, the {{eqderivprov\|Calculation Agent}} must adjust any variable relevant to {{eqderivprov\|Transaction}} settlement as necessary to preserve the economic equivalent of all payments by the parties under the {{eqderivprov\|Transaction}} that would have been required following that change. <br>
	:{{eqderivprov\|6.7(d)}} '''{{p\|eq\|Adjustments of the Exchange-traded Contract (Averaging)\|Adjustments of the Exchange-traded Contract}}'''. ~~Without duplication of Section {{eqderivprov\|11.1}} (which [[shall]] govern [[in the event of]]~~ any ~~conflict), [[in the event that]] the terms of the~~ {{eqderivprov\|Exchange-traded Contract}} are changed ~~or modified~~ by the {{eqderivprov\|Exchange}}, the {{eqderivprov\|Calculation Agent}} ~~[[shall]], if necessary,~~ adjust [[one or more]] of the {{eqderivprov\|Strike Price}}, the {{eqderivprov\|Number of Options}}, the {{eqderivprov\|Initial Price}}, the {{eqderivprov\|Forward Price}}, the {{eqderivprov\|Forward Floor Price}}, the {{eqderivprov\|Forward Cap Price}}, the {{eqderivprov\|Knock-in Price}}, the {{eqderivprov\|Knock-out Price}} [[and/or]] any ~~other~~ variable [[relevant]] to ~~the settlement terms of the~~ {{eqderivprov\|Transaction}} to preserve ~~for each party~~ the economic equivalent of ~~any payment or~~ payments ~~(assuming satisfaction of each applicable condition precedent)~~ by the parties ~~in respect of~~ the {{eqderivprov\|Transaction}} that would have been required ~~after the date of such~~ change. <br>