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Adapted from the User Guide: | Adapted from the User Guide: | ||
{{eqderivprov|Equity Notional Reset}} | {{eqderivprov|Equity Notional Reset}} has been amended from the 1996 Definitions by Section {{eqderivprov|5.10}} of the 2002 Definitions to reflect the change in terminology from "Equity Payment Date" to "{{eqderivprov|Cash Settlement Payment Date}}". | ||
If "Equity Notional Reset" is specified then for the first {{eqderivprov|Cash Settlement Payment Date}}, the {{eqderivprov|Equity Notional Amount}} is the amount specified in the {{eqderivprov|Confirmation}} and, for subsequent {{eqderivprov|Cash Settlement Payment Date}}s, it is the sum of the Equity Notional Amount in respect of the prior {{eqderivprov|Cash Settlement Payment Date}} and the {{eqderivprov|Equity Amount}} in respect of the prior {{eqderivprov|Cash Settlement Payment Date}}. | |||
Lastly, if a "Notional Amount" has been specified in the Confirmation, such amount will be adjusted as set forth in Sections {{eqderivprov|5.10(a)}} and (b) as though it were an Equity Notional Amount. | |||
If parties wish to extend the {{eqderivprov|Floating Amount Payer Calculation Period}} in the situation where a {{eqderivprov|Payment Date}} does not correspond with a {{eqderivprov|Cash Settlement Payment Date}}, they should consider including the following additional language to the end of the definition of Payment Date: | If parties wish to extend the {{eqderivprov|Floating Amount Payer Calculation Period}} in the situation where a {{eqderivprov|Payment Date}} does not correspond with a {{eqderivprov|Cash Settlement Payment Date}}, they should consider including the following additional language to the end of the definition of Payment Date: |