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Postponement - Meaning

A term defined in the 2011 ISDA Equity Derivative Definitions to describe one method of adjusting Averaging Dates, should an Averaging Date be subject to a Market Disruption Event. If elected, a disrupted Averaging Date is rolled forwards to the next good Business Day, regardless of whether such date is also an Averaging Date, subject to a cap of eight good Business Days. Under this provision, the same date can be used for multiple observations.

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