83,580
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
{{eqderivprov|12.9(b)(v)}} If | :{{eqderivprov|12.9(b)(v)}} If “'''{{eqderivprov|Increased Cost of Stock Borrow}}'''” applies, the {{eqderivprov|Hedging Party}} may tell the {{eqderivprov|Non-Hedging Party}} that an {{eqderivprov|Increased Cost of Stock Borrow}} has happened and that it will make a {{eqderivprov|Price Adjustment}} to the {{eqderivprov|Transaction}}. | ||
:Within 2 {{eqderivprov|Scheduled Trading Days}} of that notice the {{eqderivprov|Non-Hedging Party}} must: | |||
Within 2 {{eqderivprov|Scheduled Trading Days}} of that notice the {{eqderivprov|Non-Hedging Party}} must: | ::(A) amend the {{eqderivprov|Transaction}} to make the {{eqderivprov|Price Adjustment}}, | ||
:(A) amend the {{eqderivprov|Transaction}} to make the {{eqderivprov|Price Adjustment}}, | ::(B) pay the {{eqderivprov|Hedging Party}} the {{eqderivprov|Price Adjustment}} or | ||
:(B) pay the {{eqderivprov|Hedging Party}} the {{eqderivprov|Price Adjustment}} or | ::(C) terminate the {{eqderivprov|Transaction}} as of that second {{eqderivprov|Scheduled Trading Day}}. | ||
:(C) terminate the {{eqderivprov|Transaction}} as of that second {{eqderivprov|Scheduled Trading Day}}. | :Within this period, the {{eqderivprov|Non-Hedging Party}} may lend or procure a loan to the Hedging Party, of an amount of {{eqderivprov|Shares}} equal to the {{eqderivprov|Hedging Shares}} at or less than the {{eqderivprov|Initial Stock Loan Rate}} subject to the conditions below. | ||
:If the {{eqderivprov|Non-Hedging Party}} doesn't make an election in that period the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}}. If either party terminates the {{eqderivprov|Transaction}}, the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br> | |||
Within this period, the {{eqderivprov|Non-Hedging Party}} may lend or procure a loan to the Hedging Party, of an amount of {{eqderivprov|Shares}} equal to the {{eqderivprov|Hedging Shares}} at or less than the {{eqderivprov|Initial Stock Loan Rate}} subject to the conditions below. | |||
If the {{eqderivprov|Non-Hedging Party}} doesn't make an election in that period the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}}. If either party terminates the {{eqderivprov|Transaction}}, the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}. <br |