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Template:M summ Equity Derivatives 10: Difference between revisions
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{{dividend interest accruals}} | {{dividend interest accruals}} | ||
{{dividends on index transactions}} | {{dividends on index transactions}} | ||
==Clause-by-clause== | |||
===Section {{eqderivprov|10.1(a)}}=== | ===Section {{eqderivprov|10.1(a)}}=== | ||
Referencing the {{eqderivprov|Ex Amount}} or the {{eqderivprov|Record Amount}} for a manufactured distribution under an [[equity derivative]] doesn’t make much sense. Referencing the {{eqderivprov|Paid Amount}} ''would'', had {{icds}} drafted it properly. The [[JC]] has a proposed [[Paid Amount (Dividend Amount) - Equity Derivatives Provision|fix]]. | Referencing the {{eqderivprov|Ex Amount}} or the {{eqderivprov|Record Amount}} for a manufactured distribution under an [[equity derivative]] doesn’t make much sense. Referencing the {{eqderivprov|Paid Amount}} ''would'', had {{icds}} drafted it properly. The [[JC]] has a proposed [[Paid Amount (Dividend Amount) - Equity Derivatives Provision|fix]]. | ||
===Section {{eqderivprov|10.1(b)}}=== | |||
A key part of the Kafkaesque labyrinth you must navigate to work out how much, and when, your {{eqderivprov|Dividend Amount}} (or, if you’re looking at paragraph {{eqderivprov|10.7(b)}}, {{eqderivprov|Extraordinary Dividend}}) will be paid. | |||
Spoiler: referencing the {{eqderivprov|Ex Amount}} or the {{eqderivprov|Record Amount}} for a manufactured distribution under an [[equity derivative]] doesn’t make much sense. Referencing the {{eqderivprov|Paid Amount}} ''would'', had {{icds}} drafted it properly. The [[JC]] has a proposed [[Paid Amount (Dividend Amount) - Equity Derivatives Provision|fix]]. | |||
Note how [[coronavirus|an unexpected cessation of all non-essential economic activity in the western world]] has threatened to reveal embedded [[snafu]] drafting in the Equity Derivatives Definitions. See the “For completists” section below for more. | |||