Template:Nutshell Equity Derivatives Triple Cocktail: Difference between revisions
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'''The famous {{eqderivprov|Triple Cocktail}}{{tm}}'''<br> | |||
{{Nutshell Equity Derivatives 12.9(a)(ii)}} | {{Nutshell Equity Derivatives 12.9(a)(ii)}} | ||
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Revision as of 13:11, 30 April 2020
The famous Triple Cocktail™
- 12.9(a)(ii) “Change in Law” means either party determines that, due to a change in law or regulation:
- (X) it becomes illegal to buy, sell or hold underlying Shares or;
- (Y) it becomes materially more expensive to perform the Transaction.
- 12.9(a)(ii) “Change in Law” means either party determines that, due to a change in law or regulation:
- 12.9(a)(iv) “Insolvency Filing” means that the Issuer commences or agrees to insolvency proceedings or a winding-up petition (or has one instituted against it by a regulator or insolvency administrator). Non-consensual insolvency action taken by creditors is not an Insolvency Filing;
- 12.9(a)(v) “Hedging Disruption” means that the Hedging Party cannot reasonably acquire, hold, replace or unwind any transactions hedging its equity price risk, or realise, recover or pay the proceeds of any hedging transactions.
- 12.9(a)(v) “Hedging Disruption” means that the Hedging Party cannot reasonably acquire, hold, replace or unwind any transactions hedging its equity price risk, or realise, recover or pay the proceeds of any hedging transactions.