Equity Notional Reset - Equity Derivatives Provision: Difference between revisions

{{eqderivprov|Equity Notional Reset}} was defined in Section 7.11 of the 1996 Definitions, but has been amended in Section 5.10 of the 2002 Definitions to reflect the change in terminology from "Equity Payment Date" to "{{eqderivprov|Cash Settlement Payment Date}}". If "Equity Notional Reset" is specified in the related {{eqderivprov|Confirmation}}, then for the first {{eqderivprov|Cash Settlement Payment Date}}, the {{eqderivprov|Equity Notional Amount}} is the amount specified in the {{eqderivprov|Confirmation}}. For subsequent {{eqderivprov|Cash Settlement Payment Dates}}, the Equity Notional Amount is the sum of the Equity Notional Amount in respect of the prior Cash Settlement Payment Date and the Equity Amount in respect of the prior Cash Settlement Payment Date. Lastly, if a "Notional Amount" has been specified in the Confirmation, such amount will be adjusted as se.t forth in Sections 5.10(a) and (b) as though it were an Equity Notional Amount.