Examples of Underlying Parcel in a sentence
Firstly, the trust must also satisfy the franking credit trading provisions and secondly the Holder’s economic exposure to the Underlying Parcel may be affected by the terms of the relevant trust deed.
During the investment term of the CitiFirst Instalment MINI, however, this may be adjusted to take into account corporate actions that may affect the Securities that comprise the Underlying Parcel.
The cost base will be relevant to the CGT consequences for the Holder when the CitiFirst Instalment MINIs are sold, exercised, terminated, expire, the Holder sells the Underlying Parcel pursuant to a Request for Purchase Notice or if Citi exercises its power of sale under the Security Interest.
In this Example 2 all references to the First Instalment are references to the expected First Instalment and reflect the expected one for one participation in the movement of the Underlying Parcel Price (or expected delta one exposure).
If the investor sells that CitiFirst Instalment MINI intra-day, the First Instalment of the CitiFirst Instalment MINI is expected to also increase by $2.00 because the investor is expected to participate in the movement in the Underlying Parcel Price on a one to one (or delta one) basis.