Template:Nutshell Equity Derivatives 12.9(a)(vii): Difference between revisions
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::{{eqderivprov|12.9(a)(vii)}} “'''{{eqderivprov|Loss of Stock Borrow}}'''” means that, having used commercially reasonable efforts, the {{eqderivprov|Hedging Party}} cannot | ::{{eqderivprov|12.9(a)(vii)}} “'''{{eqderivprov|Loss of Stock Borrow}}'''” means that, having used [[commercially reasonable]] efforts, the {{eqderivprov|Hedging Party}} cannot borrow the {{eqderivprov|Shares}} it needs to hedge the {{eqderivprov|Transaction}} at a rate equal to or lower than the {{eqderivprov|Maximum Stock Loan Rate}}; <br> |
Latest revision as of 15:29, 10 January 2019
- 12.9(a)(vii) “Loss of Stock Borrow” means that, having used commercially reasonable efforts, the Hedging Party cannot borrow the Shares it needs to hedge the Transaction at a rate equal to or lower than the Maximum Stock Loan Rate;
- 12.9(a)(vii) “Loss of Stock Borrow” means that, having used commercially reasonable efforts, the Hedging Party cannot borrow the Shares it needs to hedge the Transaction at a rate equal to or lower than the Maximum Stock Loan Rate;