Template:M comp disc 2016 CSA 2(a): Difference between revisions

Template:M comp disc 2016 CSA 2(a) (view source)

906 bytes removed , 26 February 2021

Replaced content with "{{csa 2(a) comp|vmcsa}}"

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Revision as of 15:25, 26 February 2021 (view source) Amwelladmin (talk \| contribs) (Created page with "Now the interesting thing here is the difference that ''pledged'' collateral under the {{nyvmcsa}} makes over ''title-transferred'' collateral re...")		Revision as of 15:28, 26 February 2021 (view source) Amwelladmin (talk \| contribs) (Replaced content with "{{csa 2(a) comp\|vmcsa}}") Tag: Replaced Newer edit →
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	~~Now the interesting thing here is the difference that ''[[pledge\|pledged]]'' collateral under the {{nyvmcsa}} makes over ''[[Title transfer\|title-transferred]]'' collateral regime of the~~ {{csa~~}}. You will see the difference in the {{nycsa}}’s {{nyvmcsaprov\|Delivery Amount}}, which is the positive difference between {{nyvmcsaprov~~\|~~Secured Party}}’s {{nyvmcsaprov\|Exposure}} and the value of {{nyvmcsaprov\|Posted Credit Support}} ''held by the {{nyvmcsaprov\|Secured Party}}'' — easy, right? — and {{~~vmcsa}}’s equivalent provision which is the positive difference between the {{vmcsaprov\|Transferee}}’s {{vmcsaprov\|Exposure}} and the {{vmcsaprov\|Credit Support Balance}} ''adjusted to exclude any inflight but unsettled collateral movements''.		{{csa 2(a) comp\|vmcsa}}

	~~The English version is a bit more leaden but these amount to the same thing: You don’t get any credit (support) for collateral ''until it has landed with the other party''.~~