Template:Nutshell Equity Derivatives 7.3(a): Difference between revisions

Template:Nutshell Equity Derivatives 7.3(a) (view source)

2 bytes added , 11 May 2022

no edit summary

82,900

edits

@@ Line 1: / Line 1: @@
 :{{eqderivprov|7.3(a)}} '''{{eqderivprov|Cash-settled}} {{eqderivprov|Share Option Transaction}}s or {{eqderivprov|Share Forward Transaction}}s''': the price per {{eqderivprov|Share}} the {{isdaprov|Calculation Agent}} determines as provided under the {{isdaprov|Confirmation}} as of the {{eqderivprov|Valuation Time}} on the {{eqderivprov|Valuation Date}} or, if not so provided that the {{eqderivprov|Settlement Price}} will be:
 ::(i) for any {{eqderivprov|Share}} on an  “open outcry” {{eqderivprov|Exchange}} that has a tradable price at the {{eqderivprov|Valuation Time}} the price per {{eqderivprov|Share}} at that {{eqderivprov|Valuation Time}}, as reported by the {{eqderivprov|Exchange}}; and
-::(ii) for any {{eqderivprov|Share}} on a dealer {{eqderivprov|Exchange}} or quotation system, 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 exchange or system; <br>
+::(ii) for any {{eqderivprov|Share}} on a dealer {{eqderivprov|Exchange}} or quotation system, 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 exchange or system; <br>