Template:Nutshell 2018 CSD 11(j): Difference between revisions

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{{imcsdprov|11(j)}} '''[[(More) Interpretation - IM CSD Provision|Interpretation]]'''. references in this {{imcsdprov|Deed}} to laws or regulations (i) will be as amended or replaced from time to time; and (ii) include subordinate legislation. To determine (i) if a {{imcsdprov|Transaction}} is a {{imcsdprov|Covered Transaction (IM)}} and (ii) what margin applies to it, the laws and regulations to be applied will be those in effect when the {{imcsdprov|Transaction}} was executed.
{{imcsdprov|11(j)}} '''[[(More) Interpretation - IM CSD Provision|Interpretation]]'''. All references to laws or regulations in this {{imcsdprov|Deed}} will be to those laws and regulations as they are in force from time to time include subordinate legislation. To work out whether if a {{imcsdprov|Transaction}} is a {{imcsdprov|Covered Transaction (IM)}} and what margin applies to it, the laws and regulations applied will be those in effect when it was executed.

Revision as of 19:00, 6 May 2021

11(j) Interpretation. All references to laws or regulations in this Deed will be to those laws and regulations as they are in force from time to time include subordinate legislation. To work out whether if a Transaction is a Covered Transaction (IM) and what margin applies to it, the laws and regulations applied will be those in effect when it was executed.

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