Template:Nutshell Equity Derivatives 9.7: Difference between revisions

Section {{eqderivprov|9.7}}. '''{{eqderivprov|Fractional Share Amount}}'''. “'''{{eqderivprov|Fractional Share Amount}}'''” means an amount in the {{eqderivprov|Settlement Currency}} representing the fractional {{eqderivprov|Share}} resulting from the calculation of the {{eqderivprov|Number of Shares to be Delivered}} or the {{eqderivprov|Number of Baskets to be Delivered}} in respect of a {{eqderivprov|Transaction}} as determined by the {{eqderivprov|Calculation Agent}} multiplied by: <br>

:(a) in respect of a {{eqderivprov|Share Option Transaction}} or a {{eqderivprov|Share Basket Option Transaction}}, the {{eqderivprov|Settlement Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Exercise Date}} (determined assuming Cash Settlement were applicable and the {{eqderivprov|Exercise Date}} were the {{eqderivprov|Valuation Date}}); <br>

:(b) in respect of a {{eqderivprov|Share Forward Transaction}} or a {{eqderivprov|Share Basket Forward Transaction}}, the {{eqderivprov|Settlement Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} related to the relevant {{eqderivprov|Settlement Date}} (or, if there is no such {{eqderivprov|Valuation Date}}, the date that is one {{eqderivprov|Settlement Cycle}} prior to the relevant {{eqderivprov|Settlement Date}}); and <br>

:(c) in respect of a {{eqderivprov|Share Swap Transaction}} or a {{eqderivprov|Share Basket Swap Transaction}}, the {{eqderivprov|Final Price}} attributable to the relevant {{eqderivprov|Share}} on the {{eqderivprov|Valuation Date}} related to the relevant {{eqderivprov|Settlement Date}} (or, if there is no such {{eqderivprov|Valuation Date}}, the date that is one {{eqderivprov|Settlement Cycle}} prior to the relevant {{eqderivprov|Settlement Date}}). <br>