Long stop date意思
"Long stop date" is a term used in finance and investment, particularly in the context of structured products such as bonds, derivatives, or investment funds. It refers to the latest date by which a transaction must be completed, a security must be redeemed, or a contract must be settled.
In the context of bonds, the long stop date is the final date by which the issuer agrees to complete the bond issue. If the issue is not completed by this date, the issuer may be subject to penalties or the deal may be voided.
In the context of derivatives or other types of financial contracts, the long stop date is the final date by which the contract must be settled. If the contract is not settled by this date, it may be subject to early termination or both parties may have the option to walk away from the agreement.
The long stop date is an important provision in financial contracts because it provides a clear deadline for completing the transaction or settling the contract. This deadline helps to ensure that both parties know when their obligations will be fulfilled and can plan accordingly.