Template:Nutshell 1995 CSA 6: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "Paragraph {{csaprov|6}}. '''{{csaprov|Default}}'''.<br> If there is an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}} on a party the {{csaprov|...") |
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Latest revision as of 04:22, 2 January 2020
Paragraph 6. Default.
If there is an Early Termination Date following an Event of Default on a party the Credit Support Balance, determined as if the Early Termination Date were a Valuation Date, will be an Unpaid Amount owed to the Transferor under Section 6(e). For the avoidance of doubt, if Market Quotation applies then the Market Quotation for the Transaction constituted by this Annex will be zero; if Loss applies, the Loss for the Transaction will be just the Unpaid Amount representing the Credit Support Balance.