Template:M summ Equity Derivatives 12.9(a): Difference between revisions

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===Section {{eqderivprov|12.9(a)(xii)}} {{eqderivprov|Non-Hedging Party}}===
===Section {{eqderivprov|12.9(a)(xii)}} {{eqderivprov|Non-Hedging Party}}===
Note hugely controversial, you wuold think, but it does sort of imply that the {{eqderivprov|Hedging Party}} is itself a party to the transaction - otherwise ''both'' parties are {{eqderivprov|Non-Hedging Parties}}. But if so, then there's not really any need for the definition of {{eqderivprov|Hedging Party}} at all ...
Note hugely controversial, you wuold think, but it does sort of imply that the {{eqderivprov|Hedging Party}} is itself a party to the transaction - otherwise ''both'' parties are {{eqderivprov|Non-Hedging Parties}}. But if so, then there's not really any need for the definition of {{eqderivprov|Hedging Party}} at all ...
===Section {{eqderivprov|12.9(a)(xiii)}} {{eqderivprov|Maximum Stock Loan Rate}}===
Relevant only where {{eqderivprov|Increased Cost of Stock Borrow}} or {{eqderivprov|Loss of Stock Borrow}} apply to a {{eqderivprov|Transaction}}. (You will know because there will be a "{{eqderivprov|Maximum Stock Loan Rate}}" specified in the {{isdaprov|Confirmation}}).