Template:Nutshell 2016 CSA 2(a): Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
Created page with "{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}..."
 
No edit summary
 
(One intermediate revision by the same user not shown)
Line 1: Line 1:
{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}.  
{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on (or following) a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}. The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br>
 
The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br>

Latest revision as of 14:57, 26 March 2024

2(a) Delivery Amount. If the Transferee demands a Delivery Amount at least equal to the Transferor’s Minimum Transfer Amount on (or following) a Valuation Date, the Transferor must transfer Eligible Credit Support with a Value of the Delivery Amount (rounded under Paragraph 11(c)(vi)(B)) to the Transferee. The “Delivery Amount” is the amount by which the Transferee’s Exposure exceeds the Value of the Transferor’s Credit Support Balance on that Valuation Date (adjusted for pending but unsettled transfers).