Template:ISDA English Law Credit Support Annex 1995 Interest Amount: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with ""'''{{csaprov|Interest Amount}}'''" means, with respect to an {{csaprov|Interest Period}}, the aggregate sum of the Base Currency <br>Equivalents of the amounts of interest de...") |
Amwelladmin (talk | contribs) m (Text replace - "" " to "” ") |
||
| Line 1: | Line 1: | ||
"'''{{csaprov|Interest Amount}}''' | "'''{{csaprov|Interest Amount}}'''” means, with respect to an {{csaprov|Interest Period}}, the aggregate sum of the Base Currency <br>Equivalents of the amounts of interest determined for each relevant currency and calculated for each day in <br>that {{csaprov|Interest Period}} on the principal amount of the portion of the {{csaprov|Credit Support Balance}} comprised of cash <br>in such currency, determined by the {{csaprov|Valuation Agent}} for each such day as follows: <br> | ||
:(x) the amount of cash in such currency on that day; multiplied by <br> | :(x) the amount of cash in such currency on that day; multiplied by <br> | ||
:(y) the relevant Interest Rate in effect for that day; divided by <br> | :(y) the relevant Interest Rate in effect for that day; divided by <br> | ||
:(z) 360 (or, in the case of pounds sterling, 365). <br> | :(z) 360 (or, in the case of pounds sterling, 365). <br> | ||
Revision as of 06:35, 17 September 2016
"Interest Amount” means, with respect to an Interest Period, the aggregate sum of the Base Currency
Equivalents of the amounts of interest determined for each relevant currency and calculated for each day in
that Interest Period on the principal amount of the portion of the Credit Support Balance comprised of cash
in such currency, determined by the Valuation Agent for each such day as follows:
- (x) the amount of cash in such currency on that day; multiplied by
- (y) the relevant Interest Rate in effect for that day; divided by
- (z) 360 (or, in the case of pounds sterling, 365).