Template:2002 ISDA Equity Derivatives Definitions 5.10: Difference between revisions

Section {{eqderivprov|5.10}}. '''{{eqderivprov|Equity Notional Reset}}'''. In respect of each '''{{eqderivprov|Cash Settlement Payment Date}}''' for an {{eqderivprov|Equity Amount Payer}} under an {{eqderivprov|Equity Swap Transaction}}, if “{{eqderivprov|Equity Notional Reset}}” is specified as applicable in the related {{eqderivprov|Confirmation}}, then:  

:(a) the {{eqderivprov|Equity Notional Amount}} applicable in respect of the first [[Cash Settlement Payment Date - Equity Derivatives Provision|Cash Settlement Payment]] [[Cash Settlement Payment Date - Equity Derivatives Provision|Date]] for that {{eqderivprov|Equity Amount Payer}} under the relevant {{eqderivprov|Equity Swap Transaction}} will be the amount specified as such in the related {{eqderivprov|Confirmation}};  

:(b) the {{eqderivprov|Equity Notional Amount}} applicable in respect of each subsequent [[Cash Settlement Payment Date - Equity Derivatives Provision|Cash Settlement]] [[Cash Settlement Payment Date - Equity Derivatives Provision|Payment Date]] will be the sum of (i) the {{eqderivprov|Equity Notional Amount}} in respect of the prior [[Cash Settlement Payment Date - Equity Derivatives Provision|Cash Settlement]] [[Cash Settlement Payment Date - Equity Derivatives Provision|Payment Date]] and (ii) the {{eqderivprov|Equity Amount}}, whether positive or negative, in respect of the prior [[Cash Settlement Payment Date - Equity Derivatives Provision|Cash]] [[Cash Settlement Payment Date - Equity Derivatives Provision|Settlement Payment Date]]; and  

:(c) if a “{{eqderivprov|Notional Amount}}” has been specified in the related {{eqderivprov|Confirmation}} in relation to the other party, the {{eqderivprov|Notional Amount}} will be adjusted, unless otherwise specified in the related {{eqderivprov|Confirmation}}, as provided in sub-clauses (a) and (b) above as though it were an {{eqderivprov|Equity Notional Amount}}. <br>