Digital Assests Transactions Wikitext: Difference between revisions

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:{{datprov|2.2}} '''{{datprov|Product Type Settlement Terms}}''':

::{{datprov|2.2.1}} '''{{datprov|Settlement Terms for Product Types}}''': The settlement terms applicable to a {{datprov|Transaction}} will be as set out below for the {{datprov|Product Type}} of the {{datprov|Transaction}}:

::{| class="wikitable"

|+

! {{datprov|Product Type}}

! Settlement Terms Applicable

|-

| {{datprov|NDF}}

| {{datprov|NDF Settlement Terms}}

|-

| {{datprov|NDO}}

| {{datprov|NDO Premium Payment}} and {{datprov|NDO Settlement Terms}}

|}

::{{datprov|2.2.2}} '''{{datprov|NDF Settlement Terms}}'''

:::(i) IF the {{datprov|Settlement Price}} at the {{datprov|Valuation Time}} on the {{datprov|Valuation Date}} is greater than the {{datprov|Forward Price}},

:::(ii) THEN the {{datprov|Seller}} will pay the {{datprov|Forward Cash Settlement Amount}} to the {{datprov|Buyer}} on the {{datprov|Settlement Date}},

:::(iii) OR ELSE IF the {{datprov|Settlement Price}} at the {{datprov|Valuation Time}} on the {{datprov|Valuation Date}} is less than the {{datprov|Forward Price}},

:::(iv) THEN the {{datprov|Buyer}} will pay the absolute value of the {{datprov|Forward Cash Settlement Amount}} to the {{datprov|Seller}} on the {{datprov|Settlement Date}}.

::{{datprov|2.2.3}} '''{{datprov|NDO Premium Payment}}'''

''':::(i) The {{datprov|Buyer}} will pay the {{datprov|Premium}} to the {{datprov|Seller}} in the {{datprov|Settlement Currency}} on the {{datprov|Premium Payment Date}}.

::{{datprov|2.2.4}} '''{{datprov|NDO Settlement Terms}}'''

:::(i) IF all the conditions below are satisfied:

::::(a) either:

:::::(I) the {{datprov|Buyer}} has given an {{datprov|NDO Exercise Notice}} to the {{datprov|Seller}} or, if applicable, the {{datprov|Seller}}'s {{datprov|Designated Agent}} during an {{datprov|Exercise Window}} to exercise the NDO; or

:::::(II) "Automatic Exercise" is specified as Applicable in respect of the {{datprov|Transaction}} and the {{datprov|Automatic Exercise Condition}} has been satisfied,

:::(ii) THEN the {{datprov|Seller}} will pay the {{datprov|Option Cash Settlement Amount}} to the {{datprov|Buyer}} on the {{datprov|Settlement Date}}.

Digital Assests Transactions Wikitext: Difference between revisions

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