MCE Valuation Period means the period commencing from and including the moment upon which the Mandatory Call Event occurs (the trading session on the Stock Exchange during which the Mandatory Call Event occurs is the “1st Session”) and up to the end of the trading session on the Stock Exchange immediately following the 1st Session (“2nd Session”) unless, in the determination of the Issuer in its good faith, the 2nd Session for any reason (including, without limitation, a Market Disruption Event occurring and subsisting for the 2nd Session) does not contain any continuous period of 1 hour or more than 1 hour during which Spot Prices are available, the MCE Valuation Period shall be extended to the end of the subsequent trading session on the Stock Exchange following the 2nd Session during which Spot Prices are available for a continuous period of at least 1 hour notwithstanding the existence or continuance of a Market Disruption Event in such postponed trading session, unless the Issuer determines in its good faith that each trading session on each of the four Trading Days immediately following the day on which the Mandatory Call Event occurs does not contain any continuous period of 1 hour or more than 1 hour during which Spot Prices are available. In that case:

Examples of MCE Valuation Period in a sentence

For the avoidance of doubt, all Spot Prices available throughout the extended MCE Valuation Period shall be taken into account to determine the Maximum Trade Price or the Minimum Trade Price (as the case may be) for the calculation of the Residual Value.
For the avoidance of doubt, all Spot Levels available throughout the extended MCE Valuation Period shall be taken into account to determine the Maximum Index Level or the Minimum Index Level (as the case may be) for the calculation of the Residual Value.
Claims against the Issuer for payment of any amount in respect of the relevant Structured Products will become void unless made within ten years of the Expiry Date or the end of the MCE Valuation Period (as the case may be) and thereafter, any sums payable in respect of such Structured Products shall be forfeited and shall revert to the Issuer.
Any Exercise Expenses which are not determined by the Issuer by the Business Day after the MCE Valuation Period or the Expiry Date (as the case may be) and deducted from the Cash Settlement Amount prior to delivery to the Holders in accordance with this Condition 4, shall be notified by the Issuer to the Holders as soon as practicable after determination thereof and shall be paid by the Holders to the Issuer immediately upon demand.
Claims against the Issuer for payment of any amount in respect of the CBBCs will become void unless made within ten years after the MCE Valuation Period or the Expiry Date (as the case may be) and thereafter, any sums payable in respect of such CBBCs shall be forfeited and shall revert to the Issuer.

More Definitions of MCE Valuation Period

MCE Valuation Period means, subject to any extension (as described in further details in the Product Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange.Form of the CBBCs The CBBCs will be represented by a global certificate in the name of HKSCCNominees Limited. We will not issue definitive certificates for the CBBCs. You may arrange for your broker to hold the CBBCs in a securities account on your behalf, or if you have a CCASS Investor Participant securities account, you may arrange for the CBBCs to be held in such account. You will have to rely on the records of CCASS and/or the statements you receive from your brokers as evidence of your beneficial interest in the CBBCs.Index Exchange The Stock Exchange of Hong Kong LimitedExchange Rate Not applicableFirst Exchange Rate Not applicableInterim Currency Not applicableSecond Exchange Rate Not applicableSettlement Currency The CBBCs will be settled at expiry in Hong Kong DollarsStock Exchange The Stock Exchange of Hong Kong Limited. No application has been made to list theCBBCs on any other exchange. LiquidityLiquidity Provider BNP Paribas Securities (Asia) Limited (broker ID number: 9539). The LiquidityProvider is our affiliate and is regulated by the Stock Exchange and the Securities and Futures Commission. It will act as our agent in providing quotes.Quotes You can request a quote by calling the Liquidity Provider at: telephone number: +852 2108 5600.The Liquidity Provider will respond within 15 minutes. The quote will be provided with a maximum of a 25 tick spread between bid and offer prices for a minimum of ten Board Lots of the CBBCs. The quote will be displayed on the Stock Exchange’s designated stock page for the CBBCs.Factors for determining the bid and offer prices Circumstances under which liquidity will not be providedThe Liquidity Provider will consider factors, including, without limitation, the Call Level, the Strike Level, the prevailing level of the Index, the volatility of the Index, the prevailing interest rates, the time left to the expiry of the CBBCs, the expected life of the CBBCs and the funding cost.

MCE Valuation Period means the period immediately following the Mandatory Call Event and up to the end of the following trading session on the Index Exchange subject to any potential extension. If the Residual Value is at or below zero, you will lose all your investment in the CBBCs. How much will you receive on expiry? If no Mandatory Call Event occurs during the Observation Period, the CBBCs will be automatically exercised on the Expiry Date if the Cash Settlement Amount is greater than zero. You will receive a Cash Settlement Amount per Board Lot in Hong Kong dollars (net of any Exercise Expenses) calculated as follows (if positive): In respect of a series of bull CBBCs:Cash SettlementAmount per Board Lot= (Closing Level - Strike Level) x Index Currency Amount x one Board Lot DivisorIn respect of a series of bear CBBCs:Cash Settlement Amount per Board Lot (Strike Level – Closing Level) x Index Currency Amount x one Board Lot = Divisor

MCE Valuation Period means the period commencing from and including the moment upon which the Mandatory Call Event occurs (the trading session during which the Mandatory Call Event occurs is the “1st Session”) and up to the end of the trading session on the Stock Exchange immediately following the 1st Session (“2nd Session”) unless, in the determination of the Issuer in its good faith, the 2nd Session for any reason (including, without limitation, a Market Disruption Event occurring and subsisting in the 2nd Session) does not contain any continuous period of 1 hour or more than 1 hour during which trading in the Shares is permitted on the Stock Exchange with no limitation imposed, the MCE Valuation Period shall be extended to the end of the subsequent trading session following the 2nd Session during which trading in the Shares is permitted on the Stock Exchange with no limitation imposed for a continuous period of at least 1 hour notwithstanding the existence or continuance of a Market Disruption Event in such postponed trading session, unless the Issuer determines in its good faith that each trading session on each of the four Trading Days immediately following the date on which the Mandatory Call Event occurs does not contain any continuous period of 1 hour or more than 1 hour during which trading in the Shares is permitted on the Stock Exchange with no limitation imposed. In that case (1) the period commencing from the 1st Session up to, and including, the last trading session on the Stock Exchange of the fourth Trading Day immediately following the date on which the Mandatory Call Event occurs shall be deemed to be the MCE Valuation Period, and (2) the Issuer shall determine the Maximum Trade Price or the Minimum Trade Price (as the case may be) having regard to the then prevailing market conditions, the last reported Spot Price and such other factors as the Issuer may determine to be relevant in its good faith. For the avoidance of doubt, all Spot Prices available throughout the extended MCE Valuation Period shall be taken into account to determine the Maximum Trade Price or the Minimum Trade Price (as the case may be) for the calculation of the Residual Value. For the purpose of this definition:

MCE Valuation Period means, subject to any extension (as described in further detail in the Conditions), the period commencing from and including the moment upon which the Mandatory Call Event occurs and up to the end of the following trading session on the Index Exchange. For the avoidance of doubt, if the Mandatory Call Event is deemed to have occurred as at 9:00a.m. (Hong Kong time) on the Observation Commencement Date, the MCE Valuation Period means the period commencing from and including the moment upon which the Mandatory Call Event occurs (i.e. 9:00a.m. (Hong Kong time) on the Observation Commencement Date) and up to the end of the following trading session on the Index Exchange; and

MCE Valuation Period means the period commencing from and including the time where Mandatory Call Event occurs and up to the end of the Next Trading Session (as defined herein) on the relevant Securities Exchange unless, if we determine, in our sole discretion that during MCE Valuation Period, a Market Disruption Event has occurred, then the Next6. TERMS AND CONDITIONS OF THE STRUCTURED WARRANTS (Cont’d) Trading Session shall be postponed until the first succeeding trading session on which there is no Market Disruption Event. In the event a Market Disruption Event happens resulting in the postponed Next Trading Session falling on or after the Expiry Date then:

MCE Valuation Period definition

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