Template:2002 ISDA Equity Derivatives Definitions 10.1: Difference between revisions
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Section {{eqderivprov|10.1}}. '''{{eqderivprov|Dividend Amount}}'''. "'''{{eqderivprov|Dividend Amount}}''' | Section {{eqderivprov|10.1}}. '''{{eqderivprov|Dividend Amount}}'''. "'''{{eqderivprov|Dividend Amount}}'''” means, in respect of the relevant {{eqderivprov|Share}}, <br>the related {{eqderivprov|Dividend Period}} and the related {{eqderivprov|Dividend Payment Date}}, the {{eqderivprov|Record Amount}}, the {{eqderivprov|Ex Amount}} <br>or the {{eqderivprov|Paid Amount}}, as specified in the related {{eqderivprov|Confirmation}}, or any other amount determined as <br>provided in the related {{eqderivprov|Confirmation}} or included as part of an adjustment pursuant to Section {{eqderivprov|11.2}}. <br> | ||
{{2002 ISDA Equity Derivatives Definitions 10.1(a)}} | {{2002 ISDA Equity Derivatives Definitions 10.1(a)}} | ||
{{2002 ISDA Equity Derivatives Definitions 10.1(b)}} | {{2002 ISDA Equity Derivatives Definitions 10.1(b)}} | ||
{{2002 ISDA Equity Derivatives Definitions 10.1(c)}} | {{2002 ISDA Equity Derivatives Definitions 10.1(c)}} | ||
{{2002 ISDA Equity Derivatives Definitions 10.1(final)}} | {{2002 ISDA Equity Derivatives Definitions 10.1(final)}} | ||
Revision as of 16:57, 15 September 2016
Section 10.1. Dividend Amount. "Dividend Amount” means, in respect of the relevant Share,
the related Dividend Period and the related Dividend Payment Date, the Record Amount, the Ex Amount
or the Paid Amount, as specified in the related Confirmation, or any other amount determined as
provided in the related Confirmation or included as part of an adjustment pursuant to Section 11.2.
- 10.1(a) Record Amount. “Record Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share declared by the Issuer to holders of record of a Share on any record date occurring during the relevant Dividend Period.
- 10.1(b) Ex Amount. “Ex Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share declared by the Issuer to holders of record of a Share where the date that the Shares have commenced trading “ex-dividend” on the Exchange occurs during the relevant Dividend Period.
- 10.1(c) Paid Amount. “Paid Amount” means, in relation to a Dividend Amount, 100% of the gross cash dividend per Share paid by the Issuer during the relevant Dividend Period to holders of record of a Share.
Any “gross cash dividend” shall represent a sum before the withholding or deduction of taxes at the source by or on behalf of any applicable authority having power to tax in respect of such a dividend, and shall exclude any imputation or other credits, refunds or deductions granted by any applicable authority having power to tax in respect of such dividend and any taxes, credits, refunds or benefits imposed, withheld, assessed or levied thereon. In addition, “gross cash dividends” shall exclude Extraordinary Dividends and Excess Dividend Amounts, if any, unless otherwise provided in the related Confirmation.