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| {{fullanat2|csa|2(a)|1995|2(a)|2016}}
| | #redirect[[Credit Support Obligations - CSA Provision]] |
| {{fullanat2|csa|11(b)(i)|1995|11(c)|1996}}
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| '''Calculation'''<br>
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| *'''First thing''': ''You only pay a {{csaprov|Delivery Amount}} if the number you have calculated is greater than the agreed {{csaprov|Minimum Transfer Amount}}''. Which kind of figures when you think about it.
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| *Second thing: work out your Credit Support Amount. This is the total of
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| **The {{csaprov|Transferee}}’s {{csaprov|Exposure}}; PLUS
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| **Transferor’s {{csaprov|Independent Amount}}s (IF ANY)<ref>In the {{2016csa}} there really shouldn't be {{tag|IA}} as it kind of defeats the regulatory goal of marking actual exposures to market, but there may be, since ISDA caved and retrofitted the CSA with a an Independent Amount section</ref>; MINUS
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| **The Transferee’s {{csaprov|Independent Amount}}s (IF ANY)<ref>See above.</ref>
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| 2(a) Delivery Amount. if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11(b)(iii)(D)). Unless otherwise specified in Paragraph 11(b), the “Delivery Amount” applicable to the Transferor for any Valuation Date will equal the amount by which:
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| (i) the Credit Support Amount
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| exceeds
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| (ii) the Value as of that Valuation Date of the Transferor’s Credit Support Balance (adjusted to include any prior Delivery Amount and to exclude any prior Return Amount, the transfer of which, in either case, has not yet been completed and for which the relevant Settlement Day falls on or after such Valuation Date).
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| {{comm}}
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| {{CSA Transfer Description}}
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