Template:Nutshell GMRA 2

2. Definitions
Template:Nutshell GMRA 2(a) Template:Nutshell GMRA 2(b) Template:Nutshell GMRA 2(c) Template:Nutshell GMRA 2(d) Template:Nutshell GMRA 2(e) Template:Nutshell GMRA 2(f) Template:Nutshell GMRA 2(g) Template:Nutshell GMRA 2(h) Template:Nutshell GMRA 2(i) Template:Nutshell GMRA 2(j) Template:Nutshell GMRA 2(k) Template:Nutshell GMRA 2(l) Template:Nutshell GMRA 2(m) Template:Nutshell GMRA 2(n) Template:Nutshell GMRA 2(o) Template:Nutshell GMRA 2(p) Template:Nutshell GMRA 2(q) 2(r) “Equivalent Margin Securities” means Securities equivalent to transferred Margin Securities;
2(s) “Equivalent Securities” means Securities equivalent to the Purchased Securities under a Transaction or, where they have been redeemed, a the cash value of their redemption proceeds;
2(t) Securities are “equivalent to” other Securities if they are:

(i) of the same issuer;

(ii) part of the same issue; and

(iii) identical in type, nominal value, description and amount; provided that

(A) Securities will still be equivalent if they are redenominated into euro or their nominal value changes as a result; and

(B) where Securities are altered by a corporate event or their holders become entitled to receive any other property as a result, “equivalent to” will means those Securities as altered and any equivalent property due to such holders as a result;

Template:Nutshell GMRA 2(u) Template:Nutshell GMRA 2(v) Template:Nutshell GMRA 2(w) Template:Nutshell GMRA 2(x) Template:Nutshell GMRA 2(y) Template:Nutshell GMRA 2(z) Template:Nutshell GMRA 2(aa) 2(bb) Margin Transfer means any transfer of Cash Margin or Margin Securities (generally as to which, see Margin Maintenance).
2(cc) “Market Value” means any Securities’ price obtained from a mutually acceptable source for the earliest available delivery date plus accrued Income (if not included in that price), converted into the Contractual Currency at the Spot Rate. Where Securities are suspended, for Margin Maintenance their price will be nil, and for other purposes, it will be their closing price on the last dealing day before they were suspended.
Template:Nutshell GMRA 2(dd) Template:Nutshell GMRA 2(ee) Template:Nutshell GMRA 2(ff) Template:Nutshell GMRA 2(gg) Template:Nutshell GMRA 2(hh) 2(ii) The Price Differential for any Transaction is Pricing Rate * Purchase Price * day count fraction for the actual number of days from (and including) the Purchase Date to (but excluding) the earlier of the calculation date and the Repurchase Date;
2(jj) The Pricing Rate for any Transaction is the agreed annual percentage used to calculate the Price Differential;
2(kk) “Purchase Date” means the date on which Seller is to sell Purchased Securities to Buyer in a Transaction;
2(ll) “Purchase Price” means the price at which Seller sells the Purchased Securities to Buyer on the Purchase Date;
2(mm) “Purchased Securities” means the Securities sold by Seller to Buyer under a Transaction, and any New Purchased Securities Seller transfers to Buyer under the Substitution paragraph under that Transaction;
Template:Nutshell GMRA 2(nn) 2(oo) “Repurchase Date” means the date on which Buyer is to sell Equivalent Securities to Seller under a Transaction;
2(pp) Repurchase Price is the sum of the Purchase Price and the Price Differential, which in turn is calculated as Pricing Rate * Purchase Price * day count fraction. The Pricing Rate is the agreed “repo rate”. Template:Nutshell GMRA 2(qq) Template:Nutshell GMRA 2(rr) Template:Nutshell GMRA 2(ss) Template:Nutshell GMRA 2(tt) Template:Nutshell GMRA 2(uu) Template:Nutshell GMRA 2(vv) Template:Nutshell GMRA 2(ww) Template:Nutshell GMRA 2(xx)