Template:GMRA 2000 2: Difference between revisions

Template:GMRA 2000 2 (view source)

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 {{GMRA 2000 2(aa)}}{{gmraprov|2(aa)}} “'''{{gmraprov|Margin Securities}}'''”, in relation to a {{gmraprov|Margin Transfer}}, {{gmraprov|Securities}} reasonably acceptable to the party calling for such {{gmraprov|Margin Transfer}}; <br>
 {{GMRA 2000 2(bb)}}{{gmraprov|2(bb)}} “'''{{gmraprov|Margin Transfer}}'''”, any, or any combination of, the payment or repayment of {{gmraprov|Cash Margin}} and the transfer of {{gmraprov|Margin Securities}} or  {{gmraprov|Equivalent Margin Securities}}; <br>
-{{GMRA 2000 2()}}{{gmraprov|2(cc)}} “'''{{gmraprov|Market Value}}'''”, with respect to any {{gmraprov|Securities}} as of any time on any date, the price for such {{gmraprov|Securities}} at such time on such date obtained from a generally recognised source agreed to by the parties (and where different prices are obtained for different delivery dates, the price so obtainable for the earliest available such delivery date) (provided that the price of {{gmraprov|Securities}} that are suspended shall (for the purposes of paragraph {{gmraprov|4}}) be nil unless the parties otherwise agree and (for all other purposes) shall be the price of those {{gmraprov|Securities}} as of close of business on the dealing day in the relevant market last preceding the date of suspension) plus the aggregate amount of {{gmraprov|Income}} which, as of such date, has accrued but not yet been paid in respect of the {{gmraprov|Securities}} to the extent not included in such price as of such date, and for these purposes any sum in a currency other than the {{gmraprov|Contractual Currency}} for the {{gmraprov|Transaction}} in question shall be converted into such {{gmraprov|Contractual Currency}} at the {{gmraprov|Spot Rate}} prevailing at the relevant time; <br>
+{{GMRA 2000 2(cc)}}
 {{GMRA 2000 2(dd)}}{{gmraprov|2(dd)}} “'''{{gmraprov|Net Exposure}}'''”, the meaning specified in paragraph {{gmraprov|4(c)}}; <br>
 {{GMRA 2000 2(ee)}}{{gmraprov|2(ee)}} the “Net Margin” provided to a {{gmraprov|Party A}}t any time, the excess (if any) at that time of (i) the sum of the amount of {{gmraprov|Cash Margin}} paid to that party (including accrued interest on such {{gmraprov|Cash Margin}} which has not been paid to the other party) and the {{gmraprov|Market Value}} of {{gmraprov|Margin Securities}} transferred to that party under paragraph {{gmraprov|4(a)}} (excluding any {{gmraprov|Cash Margin}} which has been repaid to the other {{gmraprov|Party A}}nd any {{gmraprov|Margin Securities}} in respect of which  {{gmraprov|Equivalent Margin Securities}} have been transferred to the other party) over (ii) the sum of the amount of {{gmraprov|Cash Margin}} paid to the other party (including accrued interest on such {{gmraprov|Cash Margin}} which has not been paid by the other party) and the {{gmraprov|Market Value}} of {{gmraprov|Margin Securities}} transferred to the other party under paragraph {{gmraprov|4(a)}} (excluding any {{gmraprov|Cash Margin}} which has been repaid by the other {{gmraprov|Party A}}nd any {{gmraprov|Margin Securities}} in respect of which  {{gmraprov|Equivalent Margin Securities}} have been transferred by the other party) and for this purpose any amounts not denominated in the {{gmraprov|Base Currency}} shall be converted into the {{gmraprov|Base Currency}} at the {{gmraprov|Spot Rate}} prevailing at the relevant time; <br>