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 zero and
:(a) for a {{eqderivprov|Call}}, ''{{eqderivprov|Settlement Price}} - {{eqderivprov|Strike Price}}''; or
:(b) for a {{eqderivprov|Put}}, ''{{eqderivprov|Strike Price}} - {{eqderivprov|Settlement Price}}''. <br>

Latest revision as of 16:40, 11 May 2022

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

(a) for a Call, Settlement Price - Strike Price; or
(b) for a Put, Strike Price - Settlement Price.
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