Template:2002 ISDA Equity Derivatives Definitions 10.1(final): Difference between revisions
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Any “'''{{eqderivprov|gross cash dividend}}'''” shall represent a sum before the withholding or deduction of taxes at | :Any “'''{{eqderivprov|gross cash dividend}}'''” shall represent a sum before the withholding or deduction of taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a dividend, and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “'''gross cash dividends'''” shall exclude {{eqderivprov|Extraordinary Dividends}} and {{eqderivprov|Excess Dividend Amounts}}, if any, unless otherwise provided in the related {{eqderivprov|Confirmation}}. | ||
Revision as of 12:42, 26 April 2018
- Any “gross cash dividend” shall represent a sum before the withholding or deduction of taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a dividend, and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “gross cash dividends” shall exclude Extraordinary Dividends and Excess Dividend Amounts, if any, unless otherwise provided in the related Confirmation.