Valid from 03/05/1994
151 Provisions which may be included.U.K.
(1)An interest rate contract or option, or a currency contract or option, may include provision under which the qualifying company—
(a)becomes entitled to a right to receive a payment in consideration of its entering into the contract or option, or
(b)becomes subject to a duty to make a payment in consideration of another person’s entering into the contract or option.
(2)An interest rate contract or option, or a currency contract or option, may also include provision for all or any of the following—
(a)a payment of a reasonable fee for arranging the contract or option;
(b)a payment of reasonable costs incurred in respect of the contract or option;
(c)a payment for securing, or made in consequence of, the variation or termination of the contract or option; and
(d)a payment by way of compensation for, or made in consequence of, a failure to comply with the contract or option.