Template:M summ 2016 CSA Settlement Day: Difference between revisions

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The {{vmcsaprov|Settlement Day}} does not do much lifting in the {{vmcsa}} — the heavy lifting role has been largely usurped by the new {{vmcsaprov|Regular Settlement Day}}.  
The {{vmcsaprov|Settlement Day}} does not do much lifting in the {{vmcsa}} — the heavy lifting role has been largely usurped by the new {{vmcsaprov|Regular Settlement Day}}.  


Which is mighty confusing, since the “{{vmcsaprov|Regular Settlement Day}}” in the ''new'' VM CSA is the same as the {{csaprov|Settlement Day}} in the old one, and “{{vmcsaprov|Settlement Day}}” in the new CSA is really only there for voluntary exchanges of already posted Credit Support under {{vmcsaprov|3(c)}}, and distributions of interest and income under {{vmcsaprov|5(c)(i)}}.
Which is mighty confusing, since the “{{vmcsaprov|Regular Settlement Day}}” in the ''new'' VM CSA is the same as the {{csaprov|Settlement Day}}in the old one, ''but'' there is also
a “{{vmcsaprov|Settlement Day}}” in the new CSA, which isn’t anything like the old one and is really only there for voluntary exchanges of already collateral under {{vmcsaprov|3(c)}} — hardly a big deal since you’ll mainly be posting cash anyway — and distributions of interest and income under {{vmcsaprov|5(c)(i)}}.


{{icds}} no doubt had its priorities and imperatives to achieve here — who doesn’t? — but they don’t seem to have had much to do with helping beleaguered doc-jocks understand what is going on.
{{icds}} no doubt had its priorities and imperatives to achieve here — who doesn’t? — but they don’t seem to have had much to do with helping beleaguered doc-jocks understand what is going on.