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Loss of Stock Borrow - Equity Derivatives Provision: Difference between revisions
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Loss of Stock Borrow - Equity Derivatives Provision (view source)
Revision as of 14:05, 19 June 2014
, 19 June 2014→Commentary
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{{eqderivsnap|12.9(b)(iv)}} | {{eqderivsnap|12.9(b)(iv)}} | ||
====Commentary==== | ====Commentary==== | ||
'''Summary''': Where the Hedging Party can't locate a stock borrow, the Non-Hedging Party has the option to | '''Summary''': Where the {{eqderivprov|Hedging Party}} can't locate a stock borrow, the {{eqderivprov|Non-Hedging Party}} has the option to source one that is struck at less than {{eqderivprov|the Maximum Stock Loan Rate}} within two {{eqderivprov|Scheduled Trading Days}}, failing which the {{eqderivprov|Hedging Party}} can terminate the {{eqderivprov|Transaction}}. | ||
'''Compare and contrast''' with {{eqderivprov|Increased Cost of Stock Borrow}}. There is a logical handoff and interaction between the two. | '''Compare and contrast''' with {{eqderivprov|Increased Cost of Stock Borrow}}. There is a logical handoff and interaction between the two. | ||