Template:2002 ISDA Equity Derivatives Definitions 5.10
Section 5.10. Equity Notional Reset. In respect of each Cash Settlement Payment Date for an
Equity Amount Payer under an Equity Swap Transaction, if "Equity Notional Reset" is specified as
applicable in the related Confirmation, then:
- (a) the Equity Notional Amount applicable in respect of the first Cash Settlement Payment
Date for that Equity Amount Payer under the relevant Equity Swap Transaction will be the amount
specified as such in the related Confirmation; - (b) the Equity Notional Amount applicable in respect of each subsequent Cash Settlement
Payment Date will be the sum of (i) the Equity Notional Amount in respect of the prior Cash Settlement
Payment Date and (ii) the Equity Amount, whether positive or negative, in respect of the prior Cash
Settlement Payment Date; and - (c) if a "Notional Amount" has been specified in the related Confirmation in relation to the
other party, the Notional Amount will be adjusted, unless otherwise specified in the related
Confirmation, as provided in sub-clauses (a) and (b) above as though it were an Equity Notional Amount.