Template:Nutshell GMRA 2000 2(cc): Difference between revisions
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{{gmraprov|2(cc)}} “'''{{gmraprov|Market Value}}'''”, for any {{gmraprov|Securities}} at any time means their price obtained from a mutually acceptable source for the earliest available delivery date plus accrued but unpaid {{gmraprov|Income}} (if not included in that price), converted if necessary into the relevant {{gmraprov|Contractual Currency}} at the prevailing {{gmraprov|Spot Rate}}. Where {{gmraprov|Securities}} are suspended, their price will be | {{gmraprov|2(cc)}} “'''{{gmraprov|Market Value}}'''”, for any {{gmraprov|Securities}} at any time means their price obtained from a mutually acceptable source for the earliest available delivery date plus accrued but unpaid {{gmraprov|Income}} (if not included in that price), converted if necessary into the relevant {{gmraprov|Contractual Currency}} at the prevailing {{gmraprov|Spot Rate}}. Where {{gmraprov|Securities}} are suspended, their price will be | ||
:(a) For the purposes of | :(a) For the purposes of {{gmraprov|Margin Maintenance}} nil; and | ||
:(b) For all other purposes, their price as of close of business on the last dealing day before they were suspended; <br> | :(b) For all other purposes, their price as of close of business on the last dealing day before they were suspended; <br> | ||
Revision as of 10:28, 4 December 2018
2(cc) “Market Value”, for any Securities at any time means their price obtained from a mutually acceptable source for the earliest available delivery date plus accrued but unpaid Income (if not included in that price), converted if necessary into the relevant Contractual Currency at the prevailing Spot Rate. Where Securities are suspended, their price will be
- (a) For the purposes of Margin Maintenance nil; and
- (b) For all other purposes, their price as of close of business on the last dealing day before they were suspended;