Template:M summ Equity Derivatives 10.1: Difference between revisions

Template:M summ Equity Derivatives 10.1 (view source)

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+===What is a “[[dividend]]”?===
+{{icds}}, usually so unquenchable in their yen to define the living daylights out of any concept, however quotidian, is strangely mute. A dividend is just — you know, a ''dividend''.
+[[The ’squad]] also threw in the concept of an Extraordinary Dividend, but that will really make you none the wiser.
+what of cash distributions that ''aren’t'' described as, or generally in the nature of, dividends? You are in your {{eqderivprov|Calculation Agent}}’s hands.
+What about some court-ordered compensation payment a {{eqderivprov|Share}} issuer is obliged to pay to a class of its shareholders as a result of some ignominy perpetrated on the company’s behalf at some point in the past (a panicked, and ultimately negligent misstatement about its the real extent of its exposure to Russia/Argentina/The Millennium Bug/The Sub-Prime Market/[[LIBOR]]/[[Archegos]]/Russia (''again'')<ref>Delete as applicable.</ref> which induced panicky investors not to sell, and which turned out to be a mistake for which those investors were entitled to compensation? This one we feel more confident about: this is ''not'' a dividend, for [[Income - GMSLA Provision|reasons which we go into in greater detail when discussing the parallel concept of Income]] under the {{gmsla}}.
 {{capsule equity derivative dividend payments}}