Template:M summ IETA 5.1(b)

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Clause 5.1(b) is oddly arranged, pre-cross-referencing the sub-paragraphs with trade details, when it should just be setting them out. A more intuitive way of laying it out might have been this:

5.1(b) Trade Details: Each Confirmation must specify the following details (Trade Details):

(i) an Allowance Type.
(ii) an Allowance Price.
(iii) a PTA Quantity.
(iv) a Specified Period.
(v) Payment Due Date.

5.1(bb) Multiple Delivery Dates: Where one Confirmation specifies separate Trade Details for multiple Delivery Date, each Transfer on each Delivery Date will be a separate Transaction, on identical terms but for the relevant Delivery Date and Trade Details.

But look that’s just me.

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