Template:2002 ISDA Equity Derivatives Definitions 8.8: Difference between revisions

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Section {{eqderivprov|8.8}}. '''{{eqderivprov|Cash Settlement Payment Date}}'''. “'''{{eqderivprov|Cash Settlement Payment Date}}'''” means any date <br>specified or otherwise determined as provided in the related {{eqderivprov|Confirmation}} or, if any such date is not a <br>{{eqderivprov|Currency Business Day}}, the next following {{eqderivprov|Currency Business Day}}. If no such date is specified in the <br>related {{eqderivprov|Confirmation}}, the {{eqderivprov|Cash Settlement Payment Date}} will fall on the date that is one {{eqderivprov|Settlement Cycle}} <br>following the {{eqderivprov|Valuation Date}}, or if such date is not a {{eqderivprov|Currency Business Day}}, the next following <br>{{eqderivprov|Currency Business Day}}. In the case of an {{eqderivprov|Index Basket Transaction}} or {{eqderivprov|Share Basket Transaction}}, if as a <br>result of the occurrence of a {{eqderivprov|Disrupted Day}} there is more than one {{eqderivprov|Valuation Date}} with respect to {{eqderivprov|Indices}} <br>or {{eqderivprov|Shares}} comprised in the {{csaprov|Basket}}, then the relevant {{eqderivprov|Cash Settlement Payment Date}} shall be determined <br>by reference to the {{eqderivprov|Valuation Date}} which is the last to occur. <br>
Section {{eqderivprov|8.8}}. '''{{eqderivprov|Cash Settlement Payment Date}}'''. “'''{{eqderivprov|Cash Settlement Payment Date}}'''” means any date specified or otherwise determined as provided in the related {{eqderivprov|Confirmation}} or, if any such date is not a {{eqderivprov|Currency Business Day}}, the next following {{eqderivprov|Currency Business Day}}. If no such date is specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Cash Settlement Payment Date}} will fall on the date that is one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Valuation Date}}, or if such date is not a {{eqderivprov|Currency Business Day}}, the next following {{eqderivprov|Currency Business Day}}. In the case of an {{eqderivprov|Index Basket Transaction}} or {{eqderivprov|Share Basket Transaction}}, if as a result of the occurrence of a {{eqderivprov|Disrupted Day}} there is more than one {{eqderivprov|Valuation Date}} with respect to {{eqderivprov|Indices}} or {{eqderivprov|Shares}} comprised in the {{csaprov|Basket}}, then the relevant {{eqderivprov|Cash Settlement Payment Date}} shall be determined by reference to the {{eqderivprov|Valuation Date}} which is the last to occur. <br>

Latest revision as of 12:57, 10 May 2018

Section 8.8. Cash Settlement Payment Date. “Cash Settlement Payment Date” means any date specified or otherwise determined as provided in the related Confirmation or, if any such date is not a Currency Business Day, the next following Currency Business Day. If no such date is specified in the related Confirmation, the Cash Settlement Payment Date will fall on the date that is one Settlement Cycle following the Valuation Date, or if such date is not a Currency Business Day, the next following Currency Business Day. In the case of an Index Basket Transaction or Share Basket Transaction, if as a result of the occurrence of a Disrupted Day there is more than one Valuation Date with respect to Indices or Shares comprised in the Basket, then the relevant Cash Settlement Payment Date shall be determined by reference to the Valuation Date which is the last to occur.

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