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Template:Nutshell GMRA 4(k): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{gmraprov|4(k)}} Adjusting Transactions: The parties may agree to adjust a {{gmraprov|Transaction}} (the “'''{{gmraprov|Original Transaction}}'''”) as of any date (the...") |
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{{gmraprov|4(k)}} Adjusting Transactions: The parties may agree to adjust a {{gmraprov|Transaction}} (the “'''{{gmraprov|Original Transaction}}'''”) as of any date (the “'''{{gmraprov|Adjustment Date}}'''”) by terminating the “'''{{gmraprov|Original Transaction}}'''” and entering into a “'''{{gmraprov|Replacement Transaction}}'''” as follows: | {{gmraprov|4(k)}} '''Adjusting Transactions''': The parties may agree to adjust a {{gmraprov|Transaction}} (the “'''{{gmraprov|Original Transaction}}'''”) as of any date (the “'''{{gmraprov|Adjustment Date}}'''”) by terminating the “'''{{gmraprov|Original Transaction}}'''” and entering into a “'''{{gmraprov|Replacement Transaction}}'''” as follows: | ||
:(i) the {{gmraprov|Original Transaction}} will terminate on the {{gmraprov|Adjustment Date}} as agreed between the parties in advance; <br> | :(i) the {{gmraprov|Original Transaction}} will terminate on the {{gmraprov|Adjustment Date}} as agreed between the parties in advance; <br> | ||
:(ii) the parties will also agree in advance the {{gmraprov|Purchased Securities}}, being {{gmraprov|Securities}} having an aggregate {{gmraprov|Market Value}} as at the {{gmraprov|Adjustment Date}} substantially equal to the {{gmraprov|Repurchase Price}} under the {{gmraprov|Original Transaction}} multiplied by its {{gmraprov|Margin Ratio}}; <br> | :(ii) the parties will also agree in advance the {{gmraprov|Purchased Securities}}, being {{gmraprov|Securities}} having an aggregate {{gmraprov|Market Value}} as at the {{gmraprov|Adjustment Date}} substantially equal to the {{gmraprov|Repurchase Price}} under the {{gmraprov|Original Transaction}} multiplied by its {{gmraprov|Margin Ratio}}; <br> | ||