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> | ||
{{2002 ISDA Equity Derivatives Definitions 4.1}} | |||
{{2002 ISDA Equity Derivatives Definitions 4.2}} | |||
Revision as of 14:41, 5 September 2018
Article 4 General Terms Relating to Forward Transactions
Section 4.1. Certain Definitions Relating to Forward Transactions. When used in respect of a Forward Transaction, the following terms have the indicated meanings:
- 4.1(a) Forward Price. “Forward Price” means:
- (i) in respect of an Index Forward Transaction, the level of the relevant Index specified or otherwise determined as provided in the related Confirmation;
- (ii) in respect of a Share Forward Transaction, the price per Share specified or otherwise determined as provided in the related Confirmation;
- (iii) in respect of an Index Basket Forward Transaction, the amount per Basket specified or otherwise determined as provided in the related Confirmation; and
- (iv) in respect of a Share Basket Forward Transaction, the amount per Basket specified or otherwise determined as provided in the related Confirmation.
- (i) in respect of an Index Forward Transaction, the level of the relevant Index specified or otherwise determined as provided in the related Confirmation;
- 4.1(b) Forward Floor Price. “Forward Floor Price” means the level of the Index, price per Share or amount per Basket, as applicable, specified or otherwise determined as provided in the related Confirmation.
- 4.1(c) Forward Cap Price. “Forward Cap Price” means the level of the Index, price per Share or amount per Basket, as applicable, specified or otherwise determined as provided in the related Confirmation.
Section 4.2. Terms Relating to Prepayment.
- 4.2(a) Payment of the Prepayment Amount. In respect of a Forward Transaction to which “Prepayment” is specified as applicable in the related Confirmation, Buyer shall pay Seller the Prepayment Amount on the Prepayment Date.
- 4.2(b) Prepayment Amount. “Prepayment Amount” means the amount specified or otherwise determined as provided in the related Confirmation.
- 4.2(c) Prepayment Date. “Prepayment Date” means the date specified or otherwise determined as provided in the related Confirmation, or, if such date is not a Currency Business Day, the next following Currency Business Day. If the Prepayment Date is not specified in the related Confirmation, the Prepayment Date will fall on the date that is one Settlement Cycle following the Trade Date, or if such date is not an Exchange Business Day that is a Currency Business Day, the next following Exchange Business Day that is a Currency Business Day.