Template:Nutshell 2016 NY CSA 10(c): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{nyvmcsaprov|10(c)}} '''{{nyvmcsaprov|Liquidation/Application of Posted Credit Support (VM)}}'''. Where there is a {{isdaprov|Defaulting Party}} it must pay on demand all the...") |
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Latest revision as of 10:37, 15 January 2020
10(c) Liquidation/Application of Posted Credit Support (VM). Where there is a Defaulting Party it must pay on demand all the the Non-defaulting Party’s reasonable costs of liquidating any Posted Credit Support (VM) under Paragraph 8 as set out in the Expenses Section of the ISDA Master Agreement. If there is no Defaulting Party, the parties will share the costs.