All:  I have once again revised the confirm for the EBS Raptor deal.
There  will be only one swap transaction:  Harrier I LLC/Talon I LLC.
Please note the following changes:  (1)  the Initial Equity Notional Amount has been corrected (2)  I have expanded the definition of Cash Dividends (3)  I have ADDED a provison for "Payment Obligations" to avoid confusion for  those of you unfamiliar with the 1996 Equity Definitions.
Since I have  removed the interest payment feature, the only payments changing hands will  be upside/dividends and downside.
The "Equity Amount Payer" pays the upside  (difference between Initial Price (on the relevant Valuation Date) and Final  Price) and dividends; the other party pays the downside.
(4)  I have retained the concept of multiple optional termination dates.
(5) Kevin:  I NEED the Harrier account/notice information.
This confirm should serve as a template for additional Raptor equity share  swaps so please review and comment.
Thanks.
Sara

Raptor swap
All: I have once again revised the confirm for the EBS Raptor deal.
There will be only one swap transaction: Harrier I LLC/Talon I LLC.
Please note the following changes: (<NUMBER>) the Initial Equity Notional Amount has been corrected (<NUMBER>) I have expanded the definition of Cash Dividends (<NUMBER>) I have ADDED a provison for "Payment Obligations" to avoid confusion for those of you unfamiliar with the <NUMBER> Equity Definitions.
Since I have removed the interest payment feature, the only payments changing hands will be upside/dividends and downside.
The "Equity Amount Payer" pays the upside (difference between Initial Price (on the relevant Valuation Date) and Final Price) and dividends; the other party pays the downside.
(<NUMBER>) I have retained the concept of multiple optional termination dates.
(<NUMBER>) Kevin: I NEED the Harrier account/notice information.
This confirm should serve as a template for additional Raptor equity share swaps so please review and comment.
Thanks.
Sara
feature payments changing confirm ebs raptor termination dates number concept multiple optional share swaps review harrier llc upside difference initial avoid serve definition cash dividends