Template:Nutshell 2016 CSA 2: Difference between revisions
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{{vmcsaprov|2}} '''{{vmcsaprov|Credit Support Obligations}}''' <br> | {{vmcsaprov|2}} '''{{vmcsaprov|Credit Support Obligations}}''' <br> | ||
{{Nutshell 2016 CSA 2(a)}} | {{Nutshell 2016 CSA 2(a)}} | ||
{{Nutshell 2016 CSA 2(b)}} | {{Nutshell 2016 CSA 2(b)}} | ||
Latest revision as of 15:27, 6 December 2021
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).
2(b) Return Amount. If the Transferor demands a Return Amount at least equalling the Transferee’s Minimum Transfer Amount on a Valuation Date, the Transferee must transfer the specified Equivalent Credit Support (VM) with a Value of the Return Amount (VM) (rounded under Paragraph 11(c)(vi)(B)) to the Transferee and the Credit Support Balance (VM) will be proportionately reduced. The “Return Amount (VM)” is the amount by which the Value of the Transferor’s Credit Support Balance (VM) (adjusted for pending but unsettled transfers) exceeds the Transferee’s Exposure.