Template:Nutshell Equity Derivatives 9.3
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9.3. Physical Settlement of Equity Swap Transactions. Where “Physical Settlement” applies to an Equity Swap Transaction, on each Settlement Date:
- the Equity Amount Payer will deliver the Number of Shares or Baskets to be Delivered and will pay any Fractional Share Amount to the Equity Amount Receiver;and
- the Equity Amount Receiver will pay the Equity Notional Amount to the Equity Amount Payer.