Template:Nutshell Equity Derivatives 12.9(b)(iv): Difference between revisions

no edit summary
No edit summary
No edit summary
Line 1: Line 1:
{{eqderivprov|12.9(b)(iv)}} If “'''{{eqderivprov|Loss of Stock Borrow}}'''” applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} of a {{eqderivprov|Loss of Stock Borrow}}, the {{eqderivprov|Non-Hedging Party}} may, within 2 {{eqderivprov|Scheduled Trading Days}} of notice, lend the {{eqderivprov|Hedging Party}} the necessary {{eqderivprov|Shares}} at a rate no greater than the Maximum {{eqderivprov|Stock Loan Rate}}. If it does not, the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}} on notice and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}.
{{eqderivprov|12.9(b)(iv)}} If “'''{{eqderivprov|Loss of Stock Borrow}}'''” applies, then if the {{eqderivprov|Hedging Party}} notifies the {{eqderivprov|Non-Hedging Party}} of a {{eqderivprov|Loss of Stock Borrow}}, the {{eqderivprov|Non-Hedging Party}} may, within 2 {{eqderivprov|Scheduled Trading Days}} of notice, lend the {{eqderivprov|Hedging Party}} the necessary {{eqderivprov|Shares}} at a rate no greater than the {{eqderivprov|Maximum Stock Loan Rate}}. If it does not, the {{eqderivprov|Hedging Party}} may terminate the {{eqderivprov|Transaction}} on notice and the {{eqderivprov|Determining Party}} will determine the {{eqderivprov|Cancellation Amount}}.