Template:Nutshell Equity Derivatives Dividend Recovery: Difference between revisions

Latest revision as of 09:55, 11 September 2018

(i) the amount an Issuer actually pays to holders the relevant Share for any Qualifying Dividend differs from the declared dividend; or

(ii) the Issuer makes no payment or delivery in respect of that dividend by the third Business Day after its due date —

the Calculation Agent may adjust the Transaction (and may require a repayment) to account for that event.

This section (Dividend Recovery) will survive termination of the Transaction.

@@ Line 1: / Line 1: @@
 '''{{eqderivprov|Dividend Recovery}}''': If: <br>
-:(i) the amount an {{eqderivprov|Issuer}} actually pays to holders the relevant {{eqderivprov|Share}} for any {{eqderivprov|Qualifying Dividend}} differs from the dividend amount declared  (the “'''{{eqderivprov|Declared Dividend}}'''”) by the {{eqderivprov|Issuer}} (a “'''{{eqderivprov|Dividend Mismatch Event}}'''”); or <br>
+:(i) the amount an {{eqderivprov|Issuer}} actually pays to holders the relevant {{eqderivprov|Share}} for any {{eqderivprov|Qualifying Dividend}} differs from the declared dividend; or <br>
-:(ii) the {{eqderivprov|Issuer}} makes no payment or delivery in respect of the {{eqderivprov|Declared Dividend}} by the third {{eqderivprov|Business Day}} following the date it was due — <br>
+:(ii) the {{eqderivprov|Issuer}} makes no payment or delivery in respect of that dividend by the third {{eqderivprov|Business Day}} after its due date — <br>
-the {{eqderivprov|Calculation Agent}} may correct or require repayment under the {{eqderivprov|Transaction}}  to account for the relevant event. <br>
+the {{eqderivprov|Calculation Agent}} may adjust the {{eqderivprov|Transaction}} (and may require a repayment) to account for that event. <br>
-This section ({{eqderivprov|Dividend Recovery}}) will survive termination of the Transaction.
+This section ({{eqderivprov|Dividend Recovery}}) will survive termination of the {{eqderivprov|Transaction}}.