Template:ISDA English Law Credit Support Annex 1995 Base Currency Equivalent: Difference between revisions

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"'''{{csaprov|Base Currency Equivalent}}'''” means, with respect to an amount on a {{csaprov|Valuation Date}}, in the case of an <br>amount denominated in the {{csaprov|Base Currency}}, such {{csaprov|Base Currency}} amount and, in the case of an amount <br>denominated in a currency other than the {{csaprov|Base Currency}} (the “'''{{csaprov|Other Currency}}'''”), the amount of Base <br>Currency required to purchase such amount of the {{csaprov|Other Currency}} at the spot exchange rate determined by <br>the {{csaprov|Valuation Agent}} for value on such {{csaprov|Valuation Date}}.<br>
“'''{{csaprov|Base Currency Equivalent}}'''” means, with respect to an amount on a {{csaprov|Valuation Date}}, in the case of an amount denominated in the {{csaprov|Base Currency}}, such {{csaprov|Base Currency}} amount and, in the case of an amount denominated in a currency other than the {{csaprov|Base Currency}} (the “'''{{csaprov|Other Currency}}'''”), the amount of Base Currency required to purchase such amount of the {{csaprov|Other Currency}} at the spot exchange rate determined by the {{csaprov|Valuation Agent}} for value on such {{csaprov|Valuation Date}}. <br>

Latest revision as of 13:32, 19 April 2021

“Base Currency Equivalent” means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by the Valuation Agent for value on such Valuation Date.

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