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Template:Capsule equity derivative dividend payments: Difference between revisions
Template:Capsule equity derivative dividend payments (view source)
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The only one you should ever need is the {{eqderivprov|Paid Amount}}, which references the date of actual payment, but even that misses the significance to its payability of the earlier [[record date]]. Much of the fear, loathing and confusion in these definitions arises from sloppy drafting in relation to the other two options, which don’t make sense anyway. | The only one you should ever need is the {{eqderivprov|Paid Amount}}, which references the date of actual payment, but even that misses the significance to its payability of the earlier [[record date]]. Much of the fear, loathing and confusion in these definitions arises from sloppy drafting in relation to the other two options, which don’t make sense anyway. | ||
Also, note this: the [[ex date]] and the [[record date]] logically come ''before'' the [[dividend payment date]]. They will usually precede it by weeks, or even months. So if your {{eqderivprov|Dividend Period}}s are short (e.g., monthly), it is quite likely that the [[ex date]] and [[record date]] will fall in an earlier {{eqderivprov|Dividend Period}} | Also, note this: the [[ex date]] and the [[record date]] logically come ''before'' the [[dividend payment date]]. They will usually precede it by weeks, or even months. So if your {{eqderivprov|Dividend Period}}s are short (e.g., monthly), it is quite likely that the [[ex date]] and [[record date]] will fall in an earlier {{eqderivprov|Dividend Period}} than the [[dividend payment date]].<ref>And may fall before the {{eqderivprov|Transaction}} has even ''started''.</ref> | ||
If you elect {{eqderivprov|Ex Amount}} or {{eqderivprov|Record Amount}}, this would mean your [[equity swap]] would pay its {{eqderivprov|Dividend Amount}} ''before'' the underlying share paid its actual dividend. | If you elect {{eqderivprov|Ex Amount}} or {{eqderivprov|Record Amount}}, this would mean your [[equity swap]] would pay its {{eqderivprov|Dividend Amount}} ''before'' the underlying share paid its actual dividend. | ||