Template:Nutshell Equity Derivatives 12.9(b)(iv): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{eqderivprov|12.9(b)(iv)}} If "{{eqderivprov|Loss of Stock Borrow}}" applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} that a ...") |
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Revision as of 09:54, 9 December 2015
12.9(b)(iv) If "Loss of Stock Borrow" applies, then if the Hedging Party notifies the Non-Hedging Party that a Loss of Stock Borrow has occurred, the Non-Hedging Party may, within two Scheduled Trading Days of notice, lend (or procure a Lending Party to lend) the Hedging Party the necessary Shares at a rate no greater than the Maximum Stock Loan Rate. If it does not, the Hedging Party may terminate the Transaction on notice and the Determining Party will determine the Cancellation Amount.