The 1996 ISDA Equity Derivatives Definitions are intended for use in confirmations of individual transactions governed by agreements such as the 1992 ISDA Master Agreements. The Definitions are primarily an expansion of the 1994 ISDA Equity Option Definitions and cover a wider range of basic transactions and include provisions that allow parties to modify or tailor the basic transactions to reflect common variations. The purpose of these Definitions is to provide the basic framework for the documentation of an OTC equity derivative transaction and parties may find these Definitions a useful starting point when drafting a confirmation for a more exotic product-type.

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