Template:Csa Delivery Amount comp: Difference between revisions

Now the interesting thing here is the difference that ''[[pledge|pledged]]'' collateral under the New York law versions of the CSA makes over ''[[Title transfer|title-transferred]]'' collateral regime of the English law versions. You will see the difference in the NY law version’s {{{{{1}}}|Delivery Amount}}, which is the positive difference between Secured Party’s {{{{{1}}}|Exposure}} and the value of Posted Credit Support ''held by the Secured Party'' — easy, right? — and the equivalent provision in the English law versions which is the positive difference between the {{{{{1}}}|Transferee}}’s {{{{{1}}}|Exposure}} and the {{{{{1}}}|Credit Support Balance}} ''adjusted to exclude any inflight but unsettled collateral movements''.