Minimum Trading Unit definition
Examples of Minimum Trading Unit in a sentence
A Bondholder who, as a result of trading such amounts, holds an amount which is less than the Minimum Trading Unit in its account with the CSD will not be able to sell the remainder of such holding without first purchasing a principal amount of the Bonds at or in excess of the Minimum Trading Unit such that its holding amounts to the Minimum Trading Unit or above.
In case a Bondholder who, as a result of a partial redemption (as specified in Clause 9.4 (Voluntary partial redemption) and Clause 9.5 (Voluntary partial redemption upon an Equity Claw Back (call option)), holds an amount which is less than the Minimum Trading Unit in his account would need to purchase a principal amount of Bonds such that the aggregated Nominal Amount held by that investor, equals or exceeds the Minimum Trading Unit.
The minimum amount of Bonds to be transferred by or to any Bondholder may not be less than the Minimum Trading Unit.