Template:Nutshell Equity Derivatives 12.9(b)(iv)

From The Jolly Contrarian
Revision as of 09:54, 9 December 2015 by Amwelladmin (talk | contribs) (Created page with "{{eqderivprov|12.9(b)(iv)}} If "{{eqderivprov|Loss of Stock Borrow}}" applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} that a ...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

12.9(b)(iv) If "Loss of Stock Borrow" applies, then if the Hedging Party notifies the Non-Hedging Party that a Loss of Stock Borrow has occurred, the Non-Hedging Party may, within two Scheduled Trading Days of notice, lend (or procure a Lending Party to lend) the Hedging Party the necessary Shares at a rate no greater than the Maximum Stock Loan Rate. If it does not, the Hedging Party may terminate the Transaction on notice and the Determining Party will determine the Cancellation Amount.