24.06. 2011 Ministarstvo financija Republike Hrvatske mr.sc ... - ISDA

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DODATAK AODREĐENE TRANSAKCIJE TEMELJEM<strong>ISDA</strong> MASTER AGREEMENT UGOVORA(CERTAIN TRANSACTIONS UNDERTHE <strong>ISDA</strong> MASTER AGREEMENTS, NOVEMBER 2009)STUDENI 2009Basis Swap. A transaction in which one party pays periodic amounts of a given currencybased on a floating rate and the other party pays periodic amounts of the same currency basedon another floating rate, with both rates reset periodically; all calculations are based on anotional amount of the given currency.Bond Forward. A transaction in which one party agrees to pay an agreed price for a specifiedamount of a bond of an issuer or a basket of bonds of several issuers at a future date and theother party agrees to pay a price for the same amount of the same bond to be set on aspecified date in the future. The payment calculation is based on the amount of the bond andcan be physically-settled (where delivery occurs in exchange for payment) or cash-settled(where settlement occurs based on the difference between the agreed forward price and theprevailing market price at the time of settlement).Bond Option. A transaction in which one party grants to the other party (in consideration fora premium payment) the right, but not the obligation, to purchase (in the case of a call) or sell(in the case of a put) a specified amount of a bond of an issuer, such as Kingdom of Swedenor Unilever N.V., at a specified strike price. The bond option can be settled by physicaldelivery of the bonds in exchange for the strike price or may be cash settled based on thedifference between the market price of the bonds on the exercise date and the strike price.Bullion Option. A transaction in which one party grants to the other party (in considerationfor a premium payment) the right, but not the obligation, to purchase (in the case of a call) orsell (in the case of a put) a specified number of Ounces of Bullion at a specified strike price.The option may be settled by physical delivery of Bullion in exchange for the strike price ormay be cash settled based on the difference between the market price of Bullion on theexercise date and the strike price.Bullion Swap. A transaction in which one party pays periodic amounts of a given currencybased on a fixed price or a fixed rate and the other party pays periodic amounts of the samecurrency or a different currency calculated by reference to a Bullion reference price (forexample, Gold-COMEX on the COMEX Division of the New York Mercantile Exchange) oranother method specified by the parties. Bullion swaps include cap, collar or floortransactions in respect of Bullion.Bullion Trade. A transaction in which one party agrees to buy from or sell to the other party aspecified number of Ounces of Bullion at a specified price for settlement either on a “spot” ortwo-day basis or on a specified future date. A Bullion Trade may be settled by physicaldelivery of Bullion in exchange for a specified price or may be cash settled based on thedifference between the market price of Bullion on the settlement date and the specified price.For purposes of Bullion Trades, Bullion Options and Bullion Swaps, “Bullion” means gold,silver, platinum or palladium and “Ounce” means, in the case of gold, a fine troy ounce, and
in the case of silver, platinum and palladium, a troy ounce (or in the case of reference pricesnot expressed in Ounces, the relevant Units of gold, silver, platinum or palladium).Buy/Sell-Back Transaction. A transaction in which one party purchases a security (inconsideration for a cash payment) and agrees to sell back that security (or in some cases anequivalent security) to the other party (in consideration for the original cash payment plus apremium).Cap Transaction. A transaction in which one party pays a single or periodic fixed amount andthe other party pays periodic amounts of the same currency based on the excess, if any, of aspecified floating rate (in the case of an interest rate cap), rate or index (in the case of aneconomic statistic cap) or commodity price (in the case of a commodity cap) in each case thatis reset periodically over a specified per annum rate (in the case of an interest rate cap), rate orindex (in the case of an economic statistic cap) or commodity price (in the case of acommodity cap).Collar Transaction. A collar is a combination of a cap and a floor where one party is thefloating rate, floating index or floating commodity price payer on the cap and the other partyis the floating rate, floating index or floating commodity price payer on the floor.Commodity Forward. A transaction in which one party agrees to purchase a specifiedquantity of a commodity at a future date at an agreed price and the other party agrees to pay aprice for the same quantity to be set on a specified date in the future. The paymentcalculation is based on the quantity of the commodity and is settled based, among otherthings, on the difference between the agreed forward price and the prevailing market price atthe time of settlement.Commodity Option. A transaction in which one party grants to the other party (inconsideration for a premium payment) the right, but not the obligation, to purchase (in thecase of a call) or sell (in the case of a put) a specified quantity of a commodity at a specifiedstrike price. The option can be settled either by physically delivering the quantity of thecommodity in exchange for the strike price or by cash settling the option, in which case theseller of the option would pay to the buyer the difference between the market price of thatquantity of the commodity on the exercise date and the strike price.Commodity Swap. A transaction in which one party pays periodic amounts of a givencurrency based on a fixed price and the other party pays periodic amounts of the samecurrency based on the price of a commodity, such as natural gas or gold, or a futures contracton a commodity (e.g., West Texas Intermediate Light Sweet Crude Oil on the New YorkMercantile Exchange); all calculations are based on a notional quantity of the commodity.Contingent Credit Default Swap. A Credit Default Swap Transaction under which thecalculation amounts applicable to one or both parties may vary over time by reference to themark-to-market value of a hypothetical swap transaction.Credit Default Swap Option. A transaction in which one party grants to the other party (inconsideration for a premium payment) the right, but not the obligation, to enter into a CreditDefault Swap.Credit Default Swap. A transaction in which one party pays either a single fixed amount orperiodic fixed amounts or floating amounts determined by reference to a specified notionalamount, and the other party (the credit protection seller) pays either a fixed amount or anamount determined by reference to the value of one or more loans, debt securities or otherfinancial instruments (each a “Reference Obligation”) issued, guaranteed or otherwise enteredinto by a third party (the “Reference Entity”) upon the occurrence of one or more specifiedcredit events with respect to the Reference Entity (for example, bankruptcy or paymentdefault). The amount payable by the credit protection seller is typically determined basedupon the market value of one or more debt securities or other debt instruments issued,guaranteed or otherwise entered into by the Reference Entity. A Credit Default Swap may
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Page 10 and 11: pravo koje se primjenjuje, zapravo,
Page 14 and 15: also be physically settled by payme
Page 16 and 17: Reference Fund or ii) a basket of F
Page 18 and 19: DODATAK BČlanak 111. Stečajnog za
Page 20 and 21: DODATAK DČlanak 353. Zakona o kred
Page 22 and 23: use those tools for such purposes,
Page 24 and 25: The combination of the above benefi
Page 26 and 27: period from 1996 to 2008 this was t
Page 28 and 29: The discrepancies outlined above ma
Page 30 and 31: APPENDIX ACERTAIN TRANSACTIONS UNDE
Page 32 and 33: more) of Reference Entities or may
Page 34 and 35: Fund Forward Transaction: A transac
Page 36 and 37: APPENDIX BArticle 111 of the Bankru
Page 38 and 39: APPENDIX DArticle 353 of the Credit

24.06. 2011 Ministarstvo financija Republike Hrvatske mr.sc ... - ISDA

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