Template:Csa Valuation Date summ: Difference between revisions

Latest revision as of 13:47, 26 March 2024

Each day on which you can expect to exchange variation margin under a Credit Support Annex, which is:

1994 NY CSA and 1995 CSA: Whatever you specified in your elections paragraph and, the older your document is, the more likely it is to be an arbitrary and quite unnervingly long period.
2016 NY VM CSA and 2016 VM CSA: Unless otherwise specified in the elections paragraph, every day on which you’re both in the office in at least one of your {{{{{1}}}|Valuation Date Location}}s. Should the parties specify otherwise in their elections? No. Why would they? Will they? Experience suggests, for a dogged minority, they just might. Don’t be that guy.

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-[[Valuation Date - VM CSA Provision|Each]] day on which you can expect to exchange margin under a {{vmcsa}}, which is ''every'' day on which you’re both in the office. Will the parties specify something else in Paragraph {{vmcsaprov|11}}? No. Why would they? Would you?
+Each day on which you can expect to exchange [[variation margin]] under a Credit Support Annex, which is:
+{{l1}}
+'''{{1994csa}} and {{1995csa}}''': Whatever you specified in your elections paragraph and, the older your document is, the more likely it is to be an arbitrary and quite unnervingly long period. <li>
+'''{{2016nycsa}} and {{2016csa}}''': Unless otherwise specified in the elections paragraph, ''every'' day on which you’re both in the office in at least one of your {{{{{1}}}|Valuation Date Location}}s. ''Should'' the parties specify otherwise in their elections? No. Why would they? ''Will'' they? Experience suggests, for a dogged minority, they just might. Don’t be that guy. </ol>