Template:ISDA English Law Credit Support Annex 2016 11(g)(ii): Difference between revisions
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{{ | {{vmcsaprov|11(g)(ii)}} '''{{vmcsaprov|Transfer of Interest Payment (VM) or application of Interest Amount (VM)}}'''. | ||
:{{ | :{{vmcsaprov|Interest Transfer}}: [Applicable/Not Applicable] | ||
:{{ | :{{vmcsaprov|Interest Payment Netting}}: [Applicable/Not Applicable] | ||
[The transfer of an {{ | [The transfer of an {{vmcsaprov|Interest Payment (VM)}} by the {{vmcsaprov|Interest Payer (VM)}} will be made on [the last {{vmcsaprov|Local Business Day}} of each calendar month] [and on any {{vmcsaprov|Local Business Day}} that a {{vmcsaprov|Return Amount (VM)}} consisting wholly or partly of cash is transferred to the {{vmcsaprov|Transferor}} pursuant to Paragraph {{vmcsaprov|2(b)}}]. The transfer of an {{vmcsaprov|Interest Payment (VM)}} by the {{vmcsaprov|Interest Payer (VM)}} will be made on [the last {{vmcsaprov|Local Business Day}} of each calendar month] [and on any {{vmcsaprov|Local Business Day}} that a {{vmcsaprov|Delivery Amount (VM)}} consisting wholly or partly of cash is transferred to the Transferee pursuant to Paragraph {{vmcsaprov|2(a)}}].] | ||
:{{ | :{{vmcsaprov|Interest Adjustment}}: [Applicable/Not Applicable] | ||
[The accrued {{ | [The accrued {{vmcsaprov|Interest Amount (VM)}} will be added to the {{vmcsaprov|Credit Support Balance (VM)}} on [the last {{vmcsaprov|Local Business Day}} of each calendar month][each day].] |
Latest revision as of 00:00, 22 December 2019
11(g)(ii) Transfer of Interest Payment (VM) or application of Interest Amount (VM).
- Interest Transfer: [Applicable/Not Applicable]
- Interest Payment Netting: [Applicable/Not Applicable]
[The transfer of an Interest Payment (VM) by the Interest Payer (VM) will be made on [the last Local Business Day of each calendar month] [and on any Local Business Day that a Return Amount (VM) consisting wholly or partly of cash is transferred to the Transferor pursuant to Paragraph 2(b)]. The transfer of an Interest Payment (VM) by the Interest Payer (VM) will be made on [the last Local Business Day of each calendar month] [and on any Local Business Day that a Delivery Amount (VM) consisting wholly or partly of cash is transferred to the Transferee pursuant to Paragraph 2(a)].]
- Interest Adjustment: [Applicable/Not Applicable]
[The accrued Interest Amount (VM) will be added to the Credit Support Balance (VM) on [the last Local Business Day of each calendar month][each day].]