Conversion Variable Syntax and Binding Events

[#1]

In Adobe Analytics, if an eVar is set as Merchandising with "Conversion Variable Syntax", but "Merchandising Binding Event" is not set (defaults to "Binding Events"), what will the binding events be?

Screenshot:

[#2]

Hi ishans9314858​

Understood. However, the GUI allows for Binding Events to not be selected, and in our case a binding event seems to not have been selected - please see screenshot in the original post.

In the case that a binding event has not been selected, how does the system behave?

Thanks.