Template:2002 ISDA Equity Derivatives Definitions 12.7(c): Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) Created page with "{{eqderivprov|12.7(c)}} For any {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}}, such {{eqderivprov|Transaction}} shall be cancelled and the rel..." |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{eqderivprov|12.7(c)}} For any {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}}, such {{eqderivprov|Transaction}} shall be cancelled and the relevant party or parties (as specified below) shall determine the {{eqderivprov|Cancellation Amount}} in respect of such cancelled {{eqderivprov|Transaction}}. <br> | {{eqderivprov|12.7(c)}} For any {{eqderivprov|Forward Transaction}} or {{eqderivprov|Equity Swap Transaction}}, such {{eqderivprov|Transaction}} shall be cancelled and the relevant party or parties (as specified below) shall determine the {{eqderivprov|Cancellation Amount}} in respect of such cancelled {{eqderivprov|Transaction}}. <br> | ||
:(i) In respect of a cancelled {{eqderivprov|Transaction}} where there is one {{eqderivprov|Determining Party}}, the {{eqderivprov|Determining Party}} will calculate the {{eqderivprov|Cancellation Amount}} and will determine which party will pay such amount. <br> | :(i) In respect of a cancelled {{eqderivprov|Transaction}} where there is one {{eqderivprov|Determining Party}}, the {{eqderivprov|Determining Party}} will calculate the {{eqderivprov|Cancellation Amount}} and will determine which party will pay such amount. <br> | ||
:(ii) In respect of a cancelled {{eqderivprov|Transaction}} where there are two {{eqderivprov|Determining Parties}}, each party will calculate a {{eqderivprov|Cancellation Amount}} and an amount will be payable equal to one-half of the difference between the {{eqderivprov|Cancellation Amount}} of the party with the higher {{eqderivprov|Cancellation Amount}} ( | :(ii) In respect of a cancelled {{eqderivprov|Transaction}} where there are two {{eqderivprov|Determining Parties}}, each party will calculate a {{eqderivprov|Cancellation Amount}} and an amount will be payable equal to one-half of the difference between the {{eqderivprov|Cancellation Amount}} of the party with the higher {{eqderivprov|Cancellation Amount}} (“X”) and the {{eqderivprov|Cancellation Amount}} of the party with the lower {{eqderivprov|Cancellation Amount}} (“Y”) and Y shall pay it to X. <br> | ||
Latest revision as of 11:47, 13 September 2018
12.7(c) For any Forward Transaction or Equity Swap Transaction, such Transaction shall be cancelled and the relevant party or parties (as specified below) shall determine the Cancellation Amount in respect of such cancelled Transaction.
- (i) In respect of a cancelled Transaction where there is one Determining Party, the Determining Party will calculate the Cancellation Amount and will determine which party will pay such amount.
- (ii) In respect of a cancelled Transaction where there are two Determining Parties, each party will calculate a Cancellation Amount and an amount will be payable equal to one-half of the difference between the Cancellation Amount of the party with the higher Cancellation Amount (“X”) and the Cancellation Amount of the party with the lower Cancellation Amount (“Y”) and Y shall pay it to X.