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Equity Notional Reset - Equity Derivatives Provision: Difference between revisions
Equity Notional Reset - Equity Derivatives Provision (view source)
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===Bullet swaps=== | ===Bullet swaps=== | ||
Remembering, of course that the “calculation period” for an {{eqderivprov|Equity Amount Payer}} is a function of the specified {{eqderivprov|Valuation Date}}s — there is no | Remembering, of course that the “calculation period” for an {{eqderivprov|Equity Amount Payer}} is a function of the specified {{eqderivprov|Valuation Date}}s — there is no specific concept of a “calculation period” in the {{eqderivdefs}} — If the only specified {{eqderivprov|Valuation Date}} is the Termination Date, then the whole {{isdaprov|Equity Notional Reset}} is moot, since no {{eqderivprov|Equity Notional Reset}} will occur during the life the {{isdaprov|Transaction}} in any case. | ||
{{how Equity Notional Reset works}} | {{how Equity Notional Reset works}} | ||
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''", provided that, if on such date (the "Original Payment Date") the corresponding Cash Settlement Payment Date has not yet occurred, (i) the Calculation Period will be deemed to end on (but exclude) the Original Payment Date, (ii) interest will accrue on the Floating Amount from (and including) the Original Payment Date to (but exch1ding) the Cash Settlement Payment Date at [ ] calculated on the basis of daily compounding and the actual number of days elapsed and (iii) the Floating Amount Payer shall pay the relevant Floating Amount, together with any accrued interest, on the Cash Settlement Payment Date".'' | ''", provided that, if on such date (the "Original Payment Date") the corresponding Cash Settlement Payment Date has not yet occurred, (i) the Calculation Period will be deemed to end on (but exclude) the Original Payment Date, (ii) interest will accrue on the Floating Amount from (and including) the Original Payment Date to (but exch1ding) the Cash Settlement Payment Date at [ ] calculated on the basis of daily compounding and the actual number of days elapsed and (iii) the Floating Amount Payer shall pay the relevant Floating Amount, together with any accrued interest, on the Cash Settlement Payment Date".'' | ||