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Template:2002 ISDA Equity Derivatives Definitions 9.2: Difference between revisions
Template:2002 ISDA Equity Derivatives Definitions 9.2 (view source)
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Amwelladmin (talk | contribs) (Created page with "Section {{eqderivprov|9.2}}. '''{{eqderivprov|Physical Settlement of Forward Transactions}}'''. In respect of a {{eqderivprov|Settlement Date}} under a {{eqderivprov|Forward T...") |
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::(iii) if “'''{{eqderivprov|Prepayment}}'''” is applicable, then {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares to be Delivered}} and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Excess Dividend Amount}}, if any, and the {{eqderivprov|Fractional Share Amount}}, if any; and <br> | ::(iii) if “'''{{eqderivprov|Prepayment}}'''” is applicable, then {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares to be Delivered}} and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Excess Dividend Amount}}, if any, and the {{eqderivprov|Fractional Share Amount}}, if any; and <br> | ||
:(b) in respect of a {{eqderivprov|Share Basket Forward Transaction}}: <br> | :(b) in respect of a {{eqderivprov|Share Basket Forward Transaction}}: <br> | ||
::(i) if “'''{{eqderivprov|Prepayment}}'''” is not applicable and “'''{{eqderivprov|Variable Obligation}}'''” is not applicable, then {{eqderivprov|Buyer}} will pay to {{eqderivprov|Seller}} an amount equal to the {{eqderivprov|Forward Price}} multiplied by the {{eqderivprov|Number of | ::(i) if “'''{{eqderivprov|Prepayment}}'''” is not applicable and “'''{{eqderivprov|Variable Obligation}}'''” is not applicable, then {{eqderivprov|Buyer}} will pay to {{eqderivprov|Seller}} an amount equal to the {{eqderivprov|Forward Price}} multiplied by the {{eqderivprov|Number of Baskets}}, and, in respect of each {{eqderivprov|Issuer}} comprising the {{eqderivprov|Basket}}, {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares}} of such {{eqderivprov|Issuer}} multiplied by the {{eqderivprov|Number of Baskets to be Delivered}} (rounded as provided in Section {{eqderivprov|9.6}}) and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Fractional Share Amount}}, if any; <br> | ||
::(ii) if “'''{{eqderivprov|Prepayment}}'''” is not applicable and “'''{{eqderivprov|Variable Obligation}}'''” is applicable, then {{eqderivprov|Buyer}} will pay to {{eqderivprov|Seller}} an amount equal to the {{eqderivprov|Forward Floor Price}} multiplied by the {{eqderivprov|Number of Baskets}}, and, in respect of each {{eqderivprov|Issuer}} comprising the {{eqderivprov|Basket}}, {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares}} of such {{eqderivprov|Issuer}} multiplied by the {{eqderivprov|Number of Baskets to be Delivered}} (rounded as provided in Section {{eqderivprov|9.6}}) and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Fractional Share Amount}}, if any; and <br> | ::(ii) if “'''{{eqderivprov|Prepayment}}'''” is not applicable and “'''{{eqderivprov|Variable Obligation}}'''” is applicable, then {{eqderivprov|Buyer}} will pay to {{eqderivprov|Seller}} an amount equal to the {{eqderivprov|Forward Floor Price}} multiplied by the {{eqderivprov|Number of Baskets}}, and, in respect of each {{eqderivprov|Issuer}} comprising the {{eqderivprov|Basket}}, {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares}} of such {{eqderivprov|Issuer}} multiplied by the {{eqderivprov|Number of Baskets to be Delivered}} (rounded as provided in Section {{eqderivprov|9.6}}) and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Fractional Share Amount}}, if any; and <br> | ||
::(iii) if “'''{{eqderivprov|Prepayment}}'''” is applicable, then, in respect of each {{eqderivprov|Issuer}} comprising the {{eqderivprov|Basket}}, {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares}} of such {{eqderivprov|Issuer}} multiplied by the {{eqderivprov|Number of Baskets to be Delivered}} (rounded as provided in Section {{eqderivprov|9.6}}) and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Excess Dividend Amount}}, if any, and the {{eqderivprov|Fractional Share Amount}}, if any. <br> | ::(iii) if “'''{{eqderivprov|Prepayment}}'''” is applicable, then, in respect of each {{eqderivprov|Issuer}} comprising the {{eqderivprov|Basket}}, {{eqderivprov|Seller}} will deliver to {{eqderivprov|Buyer}} the {{eqderivprov|Number of Shares}} of such {{eqderivprov|Issuer}} multiplied by the {{eqderivprov|Number of Baskets to be Delivered}} (rounded as provided in Section {{eqderivprov|9.6}}) and will pay to {{eqderivprov|Buyer}} the {{eqderivprov|Excess Dividend Amount}}, if any, and the {{eqderivprov|Fractional Share Amount}}, if any. <br> | ||
Any such payment [[and/or]] such delivery will be made through the relevant {{eqderivprov|Clearance System}}({{eqderivprov|s}}) to the accounts of the {{eqderivprov|Buyer}} or the {{eqderivprov|Seller}}, as the case may be, specified in the related {{eqderivprov|Confirmation}}. <br> | Any such payment [[and/or]] such delivery will be made through the relevant {{eqderivprov|Clearance System}}({{eqderivprov|s}}) to the accounts of the {{eqderivprov|Buyer}} or the {{eqderivprov|Seller}}, as the case may be, specified in the related {{eqderivprov|Confirmation}}. <br> | ||