Template:Nutshell Equity Derivatives 8.3: Difference between revisions

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Section {{eqderivprov|8.3}}. '''{{eqderivprov|Strike Price Differential}}'''. “'''{{eqderivprov|Strike Price Differential}}'''” means, unless otherwise provided in the related {{eqderivprov|Confirmation}}, in respect of each {{eqderivprov|Valuation Date}}, an amount equal to the greater of (a) the excess of (i) in the case of a {{eqderivprov|Call}}, the relevant {{eqderivprov|Settlement Price}} over the {{eqderivprov|Strike Price}} or (ii) in the case of a {{eqderivprov|Put}}, the {{eqderivprov|Strike Price}} over the relevant {{eqderivprov|Settlement Price}}, and (b) zero. <br>
{{eqderivprov|8.3}}. “'''{{eqderivprov|Strike Price Differential}}'''” means, for each {{eqderivprov|Valuation Date}}, the greater of  
:(a)  
::(i) for a {{eqderivprov|Call}}, the {{eqderivprov|Settlement Price}} minus {{eqderivprov|Strike Price}} or
::(ii) for a {{eqderivprov|Put}}, the {{eqderivprov|Strike Price}} minus {{eqderivprov|Settlement Price}}, and  
:(b) zero. <br>

Revision as of 16:39, 11 May 2022

8.3. “Strike Price Differential” means, for each Valuation Date, the greater of

(a)
(i) for a Call, the Settlement Price minus Strike Price or
(ii) for a Put, the Strike Price minus Settlement Price, and
(b) zero.
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