Template:Nutshell Equity Derivatives 12.9(b)(iv): Difference between revisions
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:{{eqderivprov|12.9(b)(iv)}} If “'''{{eqderivprov|Loss of Stock Borrow}}'''” applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} of a {{eqderivprov|Loss of Stock Borrow}}, the {{eqderivprov|Non-Hedging Party}} may, within 2 {{eqderivprov|Scheduled Trading Days}} of notice, lend the {{eqderivprov|Hedging Party}} the necessary {{eqderivprov|Shares}} at a rate no greater than the {{eqderivprov|Maximum Stock Loan Rate}}. If it does not, the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}} on notice and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br> | ::{{eqderivprov|12.9(b)(iv)}} If “'''{{eqderivprov|Loss of Stock Borrow}}'''” applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} of a {{eqderivprov|Loss of Stock Borrow}}, the {{eqderivprov|Non-Hedging Party}} may, within 2 {{eqderivprov|Scheduled Trading Days}} of notice, lend the {{eqderivprov|Hedging Party}} the necessary {{eqderivprov|Shares}} at a rate no greater than the {{eqderivprov|Maximum Stock Loan Rate}}. If it does not, the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}} on notice and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br> | ||
Latest revision as of 17:05, 5 September 2018
- 12.9(b)(iv) If “Loss of Stock Borrow” applies, then if the Hedging Party notifies the Non-Hedging Party of a Loss of Stock Borrow, the Non-Hedging Party may, within 2 Scheduled Trading Days of notice, 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.
- 12.9(b)(iv) If “Loss of Stock Borrow” applies, then if the Hedging Party notifies the Non-Hedging Party of a Loss of Stock Borrow, the Non-Hedging Party may, within 2 Scheduled Trading Days of notice, 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.