This document outlines the procedures and consequences in the event of a failure to deliver securities in a repurchase transaction. It details how the Default Market Value is calculated, including transaction costs and interest related to deposits with the Bank of Italy. It also describes the process for adjusting transactions when a buyer fails to deliver equivalent securities, including the termination of the original transaction and the creation of a replacement transaction with specified terms.
doj/DataSet10/EFTA01456275.pdf
{"document_type":"legal","document_subtype":"contract","key_organizations":["Bank of Italy"],"reference_numbers":["DB-SDNY-0115425","SDNY_GM_00261609","EFTA01456275"]}