Template:ISDA English Law Credit Support Annex 2016 Credit Support Amount (VM/IA): Difference between revisions

no edit summary
(Created page with "“{{csaprov|Credit Support Amount (VM/IA)}}” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}} (I) the {{csaprov|Transferee}}’s {{csaprov|Exp...")
 
No edit summary
 
Line 1: Line 1:
“{{csaprov|Credit Support Amount (VM/IA)}}” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}} (I) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} plus (II) all {{csaprov|Independent Amount}}s applicable to the “Transferor”, {{f|if any}}, minus (III) all {{csaprov|Independent Amount}}s applicable to the {{csaprov|Transferee}}, {{f|if any}}, provided however, that the {{csaprov|Credit Support Amount (VM/IA)}} will be {{f|deemed}} to be zero whenever the calculation of {{csaprov|Credit Support Amount (VM/IA)}} yields a number less than zero. <br>
'''{{csaprov|Credit Support Amount (VM/IA)}}'''” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}}:
:(I) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} plus  
:(II) all {{csaprov|Independent Amount}}s applicable to the {{csaprov|Transferor}}, {{f|if any}}, minus  
:(III) all {{csaprov|Independent Amount}}s applicable to the {{csaprov|Transferee}}, {{f|if any}}, <br>
provided however, that the {{csaprov|Credit Support Amount (VM/IA)}} will be {{f|deemed}} to be zero whenever the calculation of {{csaprov|Credit Support Amount (VM/IA)}} yields a number less than zero. <br>