Template:Nutshell GMRA 2000 2(cc): Difference between revisions

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{{gmraprov|2(cc)}} “'''{{gmraprov|Market Value}}'''”, for any {{gmraprov|Securities}} at any time means their price obtained from a mutually acceptable source for the earliest available delivery date plus accrued but unpaid {{gmraprov|Income}} (if not included in that price), converted if necessary into the relevant {{gmraprov|Contractual Currency}} at the prevailing {{gmraprov|Spot Rate}}. Where {{gmraprov|Securities}} are suspended, their price will be
{{gmraprov|2(cc)}} “'''{{gmraprov|Market Value}}'''” means any {{gmraprov|Securities}}’ price obtained from a mutually acceptable source for the earliest available delivery date plus accrued {{gmraprov|Income}} (if not included in that price), converted into the {{gmraprov|Contractual Currency}} at the {{gmraprov|Spot Rate}}. Where {{gmraprov|Securities}} are suspended, for {{gmraprov|Margin Maintenance}} their price will be nil, and for other purposes, it will be their closing price on the last dealing day before they were suspended. <br>
:(a) For the purposes of paragraph {{gmraprov|4}} nil; and  
:(b) For all other purposes, their price as of close of business on the last dealing day before they were suspended; <br>

Latest revision as of 18:12, 27 May 2022

2(cc) “Market Value” means any Securities’ price obtained from a mutually acceptable source for the earliest available delivery date plus accrued Income (if not included in that price), converted into the Contractual Currency at the Spot Rate. Where Securities are suspended, for Margin Maintenance their price will be nil, and for other purposes, it will be their closing price on the last dealing day before they were suspended.

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