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| {{eqderivprov|12.7(c)}} For any {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}}, such {{eqderivprov|Transaction}} shall be cancelled and the relevant party or parties (as specified below) shall determine the {{eqderivprov|Cancellation Amount}} in respect of such cancelled {{eqderivprov|Transaction}}. <br>
| | #redirect[[Payment upon Certain Extraordinary Events - Equity Derivatives Provision]] |
| :(i) In respect of a cancelled {{eqderivprov|Transaction}} where there is one {{eqderivprov|Determining Party}}, the {{eqderivprov|Determining Party}} will calculate the {{eqderivprov|Cancellation Amount}} and will determine which party will pay such amount. <br>
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| :(ii) In respect of a cancelled {{eqderivprov|Transaction}} where there are two {{eqderivprov|Determining Parties}}, each party will calculate a {{eqderivprov|Cancellation Amount}} and an amount will be payable equal to one-half of the difference between the {{eqderivprov|Cancellation Amount}} of the party with the higher {{eqderivprov|Cancellation Amount}} ("X") and the {{eqderivprov|Cancellation Amount}} of the party with the lower {{eqderivprov|Cancellation Amount}} ("Y") and Y shall pay it to X. <br>
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Latest revision as of 13:26, 6 May 2020