Template:Nutshell GMRA 4(c): Difference between revisions

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{{gmraprov|4(c)}} A party’s {{gmraprov|Net Exposure}} to the other party is any excess of:
{{gmraprov|4(c)}} '''{{gmraprov|Net Exposure}} calculation''': A party’s '''{{gmraprov|Net Exposure}}''' to the other party is the excess of:
:(A) the total of its {{gmraprov|Transaction Exposures}} plus any {{gmraprov|Income Payments}} the other party owes ''minus'' the {{gmraprov|Net Margin}} provided to it by the other party, over
:(A) the total of its {{gmraprov|Transaction Exposures}} plus any {{gmraprov|Income Payments}} the other party owes ''minus'' the {{gmraprov|Net Margin}} provided to it by the other party, over
:(B) the total of the other party's {{gmraprov|Transaction Exposures}} ''plus'' any {{gmraprov|Income Payments}} it owes the other party ''minus'' any {{gmraprov|Net Margin}} it provided to the other party; <br>
:(B) the total of the other party's {{gmraprov|Transaction Exposures}} ''plus'' any {{gmraprov|Income Payments}} it owes the other party ''minus'' any {{gmraprov|Net Margin}} it provided to the other party; <br>
converting amounts into the {{gmraprov|Base Currency}} at the prevailing {{gmraprov|Spot Rate}} where necessary. <br>
converting amounts into the {{gmraprov|Base Currency}} at the prevailing {{gmraprov|Spot Rate}} where necessary. <br>

Latest revision as of 17:21, 29 June 2020

4(c) Net Exposure calculation: A party’s Net Exposure to the other party is the excess of:

(A) the total of its Transaction Exposures plus any Income Payments the other party owes minus the Net Margin provided to it by the other party, over
(B) the total of the other party's Transaction Exposures plus any Income Payments it owes the other party minus any Net Margin it provided to the other party;

converting amounts into the Base Currency at the prevailing Spot Rate where necessary.