83,057
edits
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 3: | Line 3: | ||
*it must transfer any undisputed amount by close of business on the following {{csaprov|Settlement Day}}; | *it must transfer any undisputed amount by close of business on the following {{csaprov|Settlement Day}}; | ||
*the parties will try resolve the dispute. If by the {{csaprov|Resolution Time}} they haven’t: | *the parties will try resolve the dispute. If by the {{csaprov|Resolution Time}} they haven’t: | ||
**'''Disputes as to {{csaprov|Exposure}}''': the {{csaprov|Valuation Agent}} will recalculate any disputed {{csaprov|Exposure}} as of the {{csaprov|Recalculation Date}} by averaging the mid-market quotations from those {{ | **'''Disputes as to {{csaprov|Exposure}}''': the {{csaprov|Valuation Agent}} will recalculate any disputed {{csaprov|Exposure}} as of the {{csaprov|Recalculation Date}} by averaging the mid-market quotations from those {{isdaprov|Reference Market-makers}} who will provide one (if none will, the {{csaprov|Valuation Agent}}’s original calculations will stand); and calculating the outstanding {{csaprov|Credit Support Balance}} as per Paragraph {{csaprov|11(e)(ii)}}; | ||
**'''Disputes as to | **'''Disputes as to {{csaprov|Credit Support}} {{csaprov|Value}}''': recalculating the {{csaprov|Value}} as of the date of transfer. <br /> | ||
The {{csaprov|Valuation Agent}} will notify each party by the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. Then the appropriate transfer has to be made. | The {{csaprov|Valuation Agent}} will notify each party by the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. Then the appropriate transfer has to be made. |