Elections and Variables - CSA Provision: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
(5 intermediate revisions by the same user not shown) | |||
Line 1: | Line 1: | ||
{{Manual|MCAE|1995|11|Paragraph||short}} | |||
{{tocbuilder|1995|CSA|11|Elections and Variables}} | {{tocbuilder|1995|CSA|11|Elections and Variables}} | ||
Latest revision as of 17:33, 22 November 2022
1995 ISDA Credit Support Annex (English Law)
Paragraph 11 in a Nutshell™ Use at your own risk, campers!
Full text of Paragraph 11
|
Content and comparisons
The bit you fill out in a your credit support annex to make it work. It is all in a rather sacred, standardised format, which differs marginally through the different versions of the CSA. Some of the stuff relates to Base Currency, and each other Eligible Currency and so on (or just Base Currency, if you are on the 1994 New York law CSA), Eligible Credit Support, Thresholds, Minimum Transfer Amounts and so on.
Some of it gets a little more elaborate later on, but generally speaking it isn’t anything like as gruesome or torturously negotiated as the Schedule to the ISDA Master Agreement.
Summary
See also
References
Para 11 Elections and Variables
Paragraph 11(a): Base Currency and Eligible Currency
Paragraph 11(b): Credit Support Obligations
- Paragraph 11(b)(i): Delivery Amount, Return Amount and Credit Support Amount
- Paragraph 11(b)(i)(A): Delivery Amount
- Paragraph 11(b)(i)(B): Return Amount
- Paragraph 11(b)(i)(C): Credit Support Amount
- Paragraph 11(b)(i)(A): Delivery Amount
- Paragraph 11(b)(ii): Eligible Credit Support
- Paragraph 11(b)(iii): Thresholds
- Paragraph 11(b)(iii)(A): Independent Amount
- Paragraph 11(b)(iii)(B): Threshold
- Paragraph 11(b)(iii)(C): Minimum Transfer Amount
- Paragraph 11(b)(iii)(D): Rounding
- Paragraph 11(b)(iii)(A): Independent Amount
Paragraph 11(c): Valuation and Timing
- Paragraph 11(c)(i): Valuation Agent
- Paragraph 11(c)(ii): Valuation Date
- Paragraph 11(c)(iii): Valuation Time
- Paragraph 11(c)(iv): Notification Time
Paragraph 11(d): Exchange Date
Paragraph 11(e): Dispute Resolution
- Paragraph 11(e)(i): Resolution Time
- Paragraph 11(e)(ii): Value (dispute resolution)
- Paragraph 11(e)(iii): Alternative
Paragraph 11(f): Distributions and Interest Amount
- Paragraph 11(f)(i): Interest Rate
- Paragraph 11(f)(ii): Transfer of Interest Amount
- Paragraph 11(f)(iii): Alternative to Interest Amount
Paragraph 11(g): Addresses for Transfers