83,489
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) |
||
Line 9: | Line 9: | ||
{{eqderivsnap|12.9(b)(vii)}} | {{eqderivsnap|12.9(b)(vii)}} | ||
{{nuts|GMSLA|12.9(b)(iv)}} | |||
====Commentary==== | ====Commentary==== | ||
'''Summary''': Where the {{eqderivprov|Hedging Party}} can't locate a stock borrow, the {{eqderivprov|Non-Hedging Party}} has the option to source one that is struck at less than the {{eqderivprov|Maximum Stock Loan Rate}} within two {{eqderivprov|Scheduled Trading Days}}, failing which the {{eqderivprov|Hedging Party}} can terminate the {{eqderivprov|Transaction}}. Where {{eqderivprov|LOSB}} and {{eqderivprov|Hedging Disruption}} both apply and the same event could qualify as either, it will hbe treated as a {{eqderivprov|LOSB}} (which has milder consequences for the affected party). | '''Summary''': Where the {{eqderivprov|Hedging Party}} can't locate a stock borrow, the {{eqderivprov|Non-Hedging Party}} has the option to source one that is struck at less than the {{eqderivprov|Maximum Stock Loan Rate}} within two {{eqderivprov|Scheduled Trading Days}}, failing which the {{eqderivprov|Hedging Party}} can terminate the {{eqderivprov|Transaction}}. Where {{eqderivprov|LOSB}} and {{eqderivprov|Hedging Disruption}} both apply and the same event could qualify as either, it will hbe treated as a {{eqderivprov|LOSB}} (which has milder consequences for the affected party). |