Template:ISDA English Law Credit Support Annex 1995 Interest Amount: Difference between revisions
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“'''{{csaprov|Interest Amount}}'''” means, with respect to an {{csaprov|Interest Period}}, the aggregate sum of the {{csaprov|Base Currency Equivalent}}s of the amounts of interest determined for each relevant currency and calculated for each day in that {{csaprov|Interest Period}} on the principal amount of the portion of the {{csaprov|Credit Support Balance}} comprised of cash in such currency, determined by the {{csaprov|Valuation Agent}} for each such day as follows:<br> | |||
:(x) the amount of cash in such currency on that day; multiplied by <br> | :(x) the amount of cash in such currency on that day; multiplied by <br> | ||
:(y) the relevant Interest Rate in effect for that day; divided by <br> | :(y) the relevant Interest Rate in effect for that day; divided by <br> | ||
:(z) 360 (or, in the case of pounds sterling, 365). <br> | :(z) 360 (or, in the case of pounds sterling, 365). <br> | ||
Latest revision as of 16:53, 12 December 2022
“Interest Amount” means, with respect to an Interest Period, the aggregate sum of the Base Currency Equivalents of the amounts of interest determined for each relevant currency and calculated for each day in that Interest Period on the principal amount of the portion of the Credit Support Balance comprised of cash in such currency, determined by the Valuation Agent for each such day as follows:
- (x) the amount of cash in such currency on that day; multiplied by
- (y) the relevant Interest Rate in effect for that day; divided by
- (z) 360 (or, in the case of pounds sterling, 365).