Template:Nutshell Equity Derivatives 4: Difference between revisions
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'''Article {{eqderivprov|4}} {{eqderivprov|General Terms Relating to Forward Transactions}}''' <br> | '''Article {{eqderivprov|4}} {{eqderivprov|General Terms Relating to Forward Transactions}}''' <br> | ||
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Revision as of 14:41, 5 September 2018
Article 4 General Terms Relating to Forward Transactions
4.1. Definitions for Forward Transactions. For Forward Transactions, the following definitions apply:
- 4.1(a) Forward Price: For any kind of Forward Transaction, the Forward Price will be specified in the Confirmation.
- 4.1(b) “Forward Floor Price” means the level of the Underlier, specified as such in the Confirmation.
- 4.1(c) “Forward Cap Price” means the level of the Underlier specified as such in the related Confirmation.
4.2. Terms Relating to Prepayment.
- 4.2(a) Payment of the Prepayment Amount. For a Forward Transaction to which “Prepayment” applies, Buyer must pay Seller the Prepayment Amount on the Prepayment Date.
- 4.2(b) “Prepayment Amount” will be defined in the Confirmation.
- 4.2(c) “Prepayment Date” will be the date specified in the Confirmation, or, if it is not a Currency Business Day, the following Currency Business Day or, if not specified, the date one Settlement Cycle following the Trade Date, or if it is not an Exchange Business Day that is a Currency Business Day, the next following Exchange Business Day that is.