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Amwelladmin (talk | contribs) (Created page with "{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a {{csaprov|Disputing Party}} disputes any collateral call (the {{csaprov|Value}} of either the {{cs...") |
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*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 the disputed portion of the {{csaprov|Exposure}} as of the {{csaprov|Recalculation Date}} by: | **'''Disputes as to {{csaprov|Exposure}}''': the {{csaprov|Valuation Agent}} will recalculate the disputed portion of the {{csaprov|Exposure}} as of the {{csaprov|Recalculation Date}} by: | ||
*** | ***averaging mid-market quotations for the {{isdaprov|Market Quotation}} from four {{isdaprov|Reference Market-maker}}s (if a {{1992ma}}-style close out mechanism); or from four third parties for the {{isdaprov|Close-out Amount}} (for a {{2002ma}}-style close out mechanism), in either case from those parties who will provide one (and 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(f)(ii)}}; | ||
**'''Disputes as to {{csaprov|Credit Support}} {{csaprov|Value}}''': recalculating the {{csaprov|Value}} as of the date of transfer. <br /> | **'''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. <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. <br> |