Template:M summ 2002 ISDA Tax: Difference between revisions

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Replaced content with "{{isda Tax summ|{{{1}}}}}"
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{{isdaprov|Tax}} and {{isdaprov|Stamp Tax}} are meant to be mutually exclusive and both refer to duties levied on payments under the swap {{isdaprov|Transaction}} itself and not under [[hedge]]s to it, so be careful when using them (especially in the context of [[delta-one]] [[synthetic equity swap]]s where the main [[stamp duty]] and [[capital gains tax|capital gain]]s issues accrue on {{eqderivprov|Hedge Position}}s. For those you might want to introduce a conceopt like {{eqderivprov|Local Tax}}es, or something similar.
{{isda Tax summ|{{{1}}}}}
 
Here’s what the ISDA Users’ guide has to say about {{isdaprov|Tax}} and {{isdaprov|Stamp Tax}}, in a footnote on page 58.
:''“{{isdaprov|Tax}}” is defined in Section {{isdaprov|14}} as any tax, charge or other similar listed items, except a stamp, registration, documentation or similar tax (''i.e.'', a “{{isdaprov|Stamp Tax}}” as defined in Section {{isdaprov|14}} of the 2002 Agreement).''

Latest revision as of 16:23, 13 September 2024

{{{{{1}}}|Tax}} and {{{{{1}}} |Stamp Tax}} are meant to be mutually exclusive and both refer to duties levied on payments under the swap {{{{{1}}} |Transaction}} itself and not under hedges to it, so be careful when using them (especially in the context of delta-one synthetic equity swaps where the main stamp duty and capital gains issues accrue on Hedge Positions. For those you might want to introduce a conceopt like Local Taxes, or something similar.

Here’s what the ISDA Users’ guide has to say about {{{{{1}}} |Tax}} and {{{{{1}}} |Stamp Tax}}, in a footnote on page 58.

“{{{{{1}}} |Tax}}” is defined in Section {{{{{1}}} |14}} as any tax, charge or other similar listed items, except a stamp, registration, documentation or similar tax (i.e., a “{{{{{1}}} |Stamp Tax}}” as defined in Section {{{{{1}}} |14}} of the 2002 Agreement).
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