Template:2002 ISDA Equity Derivatives Definitions 10.1(final): Difference between revisions
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Any “'''{{eqderivprov|gross cash dividend}}'''” shall represent a sum before the withholding or deduction of | Any “'''{{eqderivprov|gross cash dividend}}'''” shall represent a sum before the [[withholding]] or deduction of [[tax]]es at the source by or on behalf of any applicable authority having power to tax in respect of such a [[dividend]], and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “'''{{eqderivprov|gross cash dividend}}s'''” shall exclude {{eqderivprov|Extraordinary Dividends}} and {{eqderivprov|Excess Dividend Amounts}}, [[if any]], [[Unless otherwise specified in|unless otherwise provided]] in the related {{eqderivprov|Confirmation}}.<br> | ||
Latest revision as of 13:27, 4 October 2019
Any “gross cash dividend” shall represent a sum before the withholding or deduction of taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a dividend, and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “gross cash dividends” shall exclude Extraordinary Dividends and Excess Dividend Amounts, if any, unless otherwise provided in the related Confirmation.