Template:ISDA English Law Credit Support Annex 2016 Credit Support Balance (VM): Difference between revisions
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“'''{{csaprov|Credit Support Balance (VM)}}'''” means, with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}}, the aggregate of all | “'''{{csaprov|Credit Support Balance (VM)}}'''” means, with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}}, the aggregate of all {{csaprov|Eligible Credit Support (VM)}} that has been transferred to or received by the {{csaprov|Transferee}} under this {{csaprov|Annex}}, together with any {{csaprov|Distributions}} and all proceeds of any such {{csaprov|Eligible Credit Support (VM)}} or {{csaprov|Distributions}}, as reduced pursuant to Paragraph {{csaprov|2(b)}}, {{csaprov|3(c)(ii)}} or {{csaprov|6}} and as adjusted pursuant to Paragraph {{csaprov|5(c)(ii)}}. Any {{csaprov|Equivalent Distributions}} (or [[or part thereof|portion thereof]]) not transferred pursuant to Paragraph {{csaprov|5(c)(i)}} will form part of the {{csaprov|Credit Support Balance (VM)}}. <br /> | ||
Revision as of 17:11, 15 November 2016
“Credit Support Balance (VM)” means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support (VM) that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support (VM) or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6 and as adjusted pursuant to Paragraph 5(c)(ii). Any Equivalent Distributions (or portion thereof) not transferred pursuant to Paragraph 5(c)(i) will form part of the Credit Support Balance (VM).