Examples of Cash Equivalent Amount in a sentence
However, if a party making a margin call requests the return of margin securities delivered to the other party in response to a previous margin call, but the other party is unable to return those securities, despite its best endeavours because of circumstances beyond its control, the GMRA 2011 allows the undelivered margin securities to be substituted by means of payment of a Cash Equivalent Amount (see 4(h) of GMRA 2011).
The Participant’s obligation under clause 2.1 of Part C in respect of any such DWF Transaction shall be to pay to the Bank an amount equal to the Cash Equivalent Amount on the Termination Date.
This, together with the velocity formula (2.4), leads to the geometric PDEvi = k+(ρi − ρ∗) + k−(ρi−1 − ρ∗) − (k+ + k−)ρ∗µκi + ν∂ssκi.
Similarly, the transfer of cash and securities by way of Margin pursuant to paragraph 4 of the Agreement would be recognised by a court in India as a transfer of absolute title in the assets transferred with an obligation on the transferee to repay Cash Margin, deliver Equivalent Margin Securities or a Cash Equivalent Amount as appropriate.
If a party making a margin call requests the return of margin securities delivered to the other party in response to a previous margin call, and the other party is unable to return those securities despite its best endeavours because of circumstances beyond its control, the GMRA 2011 allows the undelivered margin securities to be substituted by means of payment of a Cash Equivalent Amount (see 4(h) of GMRA 2011).