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Template:Nutshell Equity Derivatives 9.5: Difference between revisions
Template:Nutshell Equity Derivatives 9.5 (view source)
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:(b) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” does not apply''': the {{eqderivprov|Number of Shares}}; <br> | :(b) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” does not apply''': the {{eqderivprov|Number of Shares}}; <br> | ||
:(c) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” applies''': <br> | :(c) '''{{eqderivprov|Share Forward Transaction}}s where “{{eqderivprov|Variable Obligation}}” applies''': <br> | ||
::(i) if {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Floor Price}: ''{{eqderivprov|Number of Shares}}''. <br> | ::(i) if {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Floor Price}}: ''{{eqderivprov|Number of Shares}}''. <br> | ||
::(ii) if {{eqderivprov|Forward Floor Price}} < {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Cap Price}}: ''({{eqderivprov|Foward Floor Price}}/{{eqderiv|Settlement Price}}) x {{eqderivprov|Number of Shares}}''; and<br> | ::(ii) if {{eqderivprov|Forward Floor Price}} < {{eqderivprov|Settlement Price}} ≤ {{eqderivprov|Forward Cap Price}}: ''({{eqderivprov|Foward Floor Price}}/{{eqderiv|Settlement Price}}) x {{eqderivprov|Number of Shares}}''; and<br> | ||
::(iii) if {{eqderivprov|Settlement Price}} > {{eqderivprov|Forward Cap Price}}: ''(({{eqderivprov|Forward Floor Price}} + {{eqderivprov|Settlement Price}} - {{eqderivprov|Forward Cap Price}})/{{eqderivprov|Settlement Price}}) x {{eqderivprov|Number of Shares}} <br> | ::(iii) if {{eqderivprov|Settlement Price}} > {{eqderivprov|Forward Cap Price}}: ''(({{eqderivprov|Forward Floor Price}} + {{eqderivprov|Settlement Price}} - {{eqderivprov|Forward Cap Price}})/{{eqderivprov|Settlement Price}}) x {{eqderivprov|Number of Shares}} <br> | ||
:(d) '''{{eqderivprov|Share Swap Transaction}}s: ''{{eqderivprov|Number of Shares}}''. <br> | :(d) '''{{eqderivprov|Share Swap Transaction}}s''': ''{{eqderivprov|Number of Shares}}''. <br> | ||
:If the {{eqderivprov|Number of Shares to be Delivered}} comprises any fraction of a {{eqderivprov|Share}}, it will be rounded down to an integral number of {{eqderivprov|Shares}} and a {{eqderivprov|Fractional Share Amount}} will be payable in lieu of the fraction. <br> | :If the {{eqderivprov|Number of Shares to be Delivered}} comprises any fraction of a {{eqderivprov|Share}}, it will be rounded down to an integral number of {{eqderivprov|Shares}} and a {{eqderivprov|Fractional Share Amount}} will be payable in lieu of the fraction. <br> | ||