Template:Nutshell Equity Derivatives 2.4(c): Difference between revisions

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:{{eqderivprov|2.4(c)}} “'''{{eqderivprov|Premium Payment Date}}'''” will be the date specified as such in the {{eqderivprov|Option Transaction}} {{eqderivprov|Confirmation}} or, if it is not a {{eqderivprov|Currency Business Day}} for the currency of the {{eqderivprov|Premium}}, the next following {{eqderivprov|Currency Business Day}}. If it is not specified, the {{eqderivprov|Premium Payment Date}} will fall one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Trade Date}}, or if that is not a {{eqderivprov|Currency Business Day}}, the next following {{eqderivprov|Currency Business Day}}. <br>
:{{eqderivprov|2.4(c)}} '''{{eqderivprov|Premium Payment Date}}'''. “'''{{eqderivprov|Premium Payment Date}}'''” means, in respect of an {{eqderivprov|Option Transaction}}, the date specified or otherwise determined as provided in the related {{eqderivprov|Confirmation}} or, if such date is not a {{eqderivprov|Currency Business Day}} for the currency in which the Premium is payable, the next following {{eqderivprov|Currency Business Day}}. If the {{eqderivprov|Premium Payment Date}} is not specified in the related {{eqderivprov|Confirmation}}, the {{eqderivprov|Premium Payment Date}} will fall on the date that is one {{eqderivprov|Settlement Cycle}} following the {{eqderivprov|Trade Date}}, or if such date is not a {{eqderivprov|Currency Business Day}}, the next following {{eqderivprov|Currency Business Day}}. <br>

Latest revision as of 13:40, 10 May 2022

2.4(c) “Premium Payment Date” will be the date specified as such in the Option Transaction Confirmation or, if it is not a Currency Business Day for the currency of the Premium, the next following Currency Business Day. If it is not specified, the Premium Payment Date will fall one Settlement Cycle following the Trade Date, or if that is not a Currency Business Day, the next following Currency Business Day.
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