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Template:Nutshell GMRA BSA 3: Difference between revisions
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(d) '''No termination on demand''': {{gmraprov|Buy/Sell Back Transaction}}s may not be terminated on demand. <br> | (d) '''No termination on demand''': {{gmraprov|Buy/Sell Back Transaction}}s may not be terminated on demand. <br> | ||
(e) '''Exclusion of Accrued Interest''': The {{gmraprov|Purchase Price}} and the {{gmraprov|Sell Back Price}} in a {{gmraprov|Buy/Sell Back Transaction}} will both be quoted exclusive of {{gmraprov|Accrued Interest}}. <br> | (e) '''Exclusion of Accrued Interest''': The {{gmraprov|Purchase Price}} and the {{gmraprov|Sell Back Price}} in a {{gmraprov|Buy/Sell Back Transaction}} will both be quoted exclusive of {{gmraprov|Accrued Interest}}. <br> | ||
(f) '''Initial settlement''': Under paragraph {{gmraprov|3(c)}} of the {{gmraprov|Agreement}}, for a {{gmraprov|Buy/Sell Back Transaction}}, the {{gmraprov|Seller}} will transfer {{gmraprov|Purchased Securities}} to {{gmraprov|Buyer}} against the payment of the {{gmraprov|Purchase Price}} plus {{gmraprov|Accrued Interest | (f) '''Initial settlement''': Under paragraph {{gmraprov|3(c)}} of the {{gmraprov|Agreement}}, for a {{gmraprov|Buy/Sell Back Transaction}}, the {{gmraprov|Seller}} will transfer {{gmraprov|Purchased Securities}} to {{gmraprov|Buyer}} against the payment of the {{gmraprov|Purchase Price}} plus {{gmraprov|Accrued Interest}}. <br> | ||
(g) '''Termination settlement''': Paragraph {{gmraprov|3(f)}} of the {{gmraprov|Agreement}} will not apply. Instead, a {{gmraprov|Buy/Sell Back Transaction}} will terminate on the {{gmraprov|Repurchase Date}} by transfer to {{gmraprov|Seller}} of {{gmraprov|Equivalent Securities}} against the payment by {{gmraprov|Seller}} of: | (g) '''Termination settlement''': Paragraph {{gmraprov|3(f)}} of the {{gmraprov|Agreement}} will not apply. Instead, a {{gmraprov|Buy/Sell Back Transaction}} will terminate on the {{gmraprov|Repurchase Date}} by transfer to {{gmraprov|Seller}} of {{gmraprov|Equivalent Securities}} against the payment by {{gmraprov|Seller}} of: | ||
:(i) where the {{gmraprov|Repurchase Date}} is the originally scheduled date, the {{gmraprov|Sell Back Price}} described in paragraph [[BSA 2 - GMRA Provision|2(iii)(x)]] of this Annex plus {{gmraprov|Accrued Interest}} to the {{gmslaprov|Repurchase Date}}; and | :(i) where the {{gmraprov|Repurchase Date}} is the originally scheduled date, the {{gmraprov|Sell Back Price}} described in paragraph [[BSA 2 - GMRA Provision|2(iii)(x)]] of this Annex plus {{gmraprov|Accrued Interest}} to the {{gmslaprov|Repurchase Date}}; and | ||
:(ii) in any other case, the {{gmraprov|Sell Back Price}} referred to in paragraph [[BSA 2 - GMRA Provision|2(iii)(y)]] of this [[Buy/Sellback Annex - GMRA Provision|Annex]]. <br> | :(ii) in any other case, the {{gmraprov|Sell Back Price}} referred to in paragraph [[BSA 2 - GMRA Provision|2(iii)(y)]] of this [[Buy/Sellback Annex - GMRA Provision|Annex]]. <br> | ||