The Jolly Contrarian

Template:M summ IETA 5.1(b)

Revision as of 16:20, 6 July 2023 by Amwelladmin (talk | contribs) (Created page with "Clause {{ietaprov|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: {{quote| 5.1(b) 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 and :(v) Payment Due Date. 5.1(bb) Where a Confirmation specifies more than on...")
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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) 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 and
(v) Payment Due Date.

5.1(bb) Where a Confirmation specifies more than one Delivery Date with separate Trade Details, there will be separate Transaction for each Transfer on each Delivery Date, on the same terms (but for the relevant Delivery Date and Trade Details.

But look that’s just me.

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