Template:Nutshell Equity Derivatives 9.3: Difference between revisions
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{{eqderivprov|9.3}}. '''{{eqderivprov|Physical Settlement of Equity Swap Transactions}}'''. Where “'''{{eqderivprov|Physical Settlement}}'''” applies to an {{eqderivprov|Equity Swap Transaction}}, on each {{eqderivprov|Settlement Date}}: | |||
*the {{eqderivprov|Equity Amount Payer}} will deliver the {{eqderivprov|Number of Shares or Baskets to be Delivered}} and will pay any {{eqderivprov|Fractional Share Amount}} to the {{eqderivprov|Equity Amount Receiver}};and | *the {{eqderivprov|Equity Amount Payer}} will deliver the {{eqderivprov|Number of Shares or Baskets to be Delivered}} and will pay any {{eqderivprov|Fractional Share Amount}} to the {{eqderivprov|Equity Amount Receiver}};and | ||
*the {{eqderivprov|Equity Amount Receiver}} will pay the {{eqderivprov|Equity Notional Amount}} to the {{eqderivprov|Equity Amount Payer}}.<br> | *the {{eqderivprov|Equity Amount Receiver}} will pay the {{eqderivprov|Equity Notional Amount}} to the {{eqderivprov|Equity Amount Payer}}.<br> | ||
Latest revision as of 07:46, 12 May 2022
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.