This document outlines the procedures and consequences related to the failure of delivering securities in a transaction. It specifies how the Default Market Value is calculated, including transaction costs and interest imposed by the Bank of Italy. It also details 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.
documents/vol00010-efta01360269-pdf.pdf
{"document_type":"legal","document_subtype":"contract","key_organizations":["Bank of Italy"],"reference_numbers":["DB-SDNY-0048516","SDNY_GM_00194700","EFTA01360269"]}