Template:2021 ISDA Interest Rate Derivatives Definitions Calculation Amount: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "4.4 Calculation Amount. :4.4.1 '''{{isda2021defsprov|Calculation Amount}}'''. “'''{{isda2021defsprov|Calculation Amount}}'''” means the applicable {{isda2021defsprov|Notional Amount}} or {{isda2021defsprov|Currency Amount}}, as the case may be. :4.4.2 '''{{isda2021defsprov|Notional Amount}}'''. “'''Notional Amount'''” means: ::(i) in respect of a Transaction involving one currency, other than an {{isda2021defsprov|Option Transaction}} or a Transaction in which..." |
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4.4 Calculation Amount. | {{isda2021defsprov|4.4}} '''{{isda2021defsprov|Calculation Amount}}'''. | ||
:4.4.1 '''{{isda2021defsprov|Calculation Amount}}'''. “'''{{isda2021defsprov|Calculation Amount}}'''” means the applicable {{isda2021defsprov|Notional Amount}} or {{isda2021defsprov|Currency Amount}}, as the case may be. | :{{isda2021defsprov|4.4.1}} '''{{isda2021defsprov|Calculation Amount}}'''. “'''{{isda2021defsprov|Calculation Amount}}'''” means the applicable {{isda2021defsprov|Notional Amount}} or {{isda2021defsprov|Currency Amount}}, as the case may be. | ||
:4.4.2 '''{{isda2021defsprov|Notional Amount}}'''. “'''Notional Amount'''” means: | :{{isda2021defsprov|4.4.2}} '''{{isda2021defsprov|Notional Amount}}'''. “'''{{isda2021defsprov|Notional Amount}}'''” means: | ||
::(i) in respect of a Transaction involving one currency, other than an {{isda2021defsprov|Option Transaction}} or a Transaction in which “{{isda2021defsprov|Optional Early Termination}}” applies, the amount specified as such for the Transaction; and | ::(i) in respect of a Transaction involving one currency, other than an {{isda2021defsprov|Option Transaction}} or a Transaction in which “{{isda2021defsprov|Optional Early Termination}}” applies, the amount specified as such for the Transaction; and | ||
:: (ii) in respect of any {{isda2021defsprov|Option Transaction}} or a Transaction to which “{{isda2021defsprov|Optional Early Termination}}” applies: | :: (ii) in respect of any {{isda2021defsprov|Option Transaction}} or a Transaction to which “{{isda2021defsprov|Optional Early Termination}}” applies: | ||
:::(a) if the {{isda2021defsprov|Underlying Transaction}} or the Transaction, as appropriate, involves one currency, the amount specified as the {{isda2021defsprov|Notional Amount}} of the {{isda2021defsprov|Underlying Transaction}} or the Transaction, as appropriate; | :::(a) if the {{isda2021defsprov|Underlying Transaction}} or the {{isda2021defsprov|Transaction}}, as appropriate, involves one currency, the amount specified as the {{isda2021defsprov|Notional Amount}} of the {{isda2021defsprov|Underlying Transaction}} or the Transaction, as appropriate; | ||
:::(b) if the Underlying Transaction or the Transaction, as appropriate, involves more than one currency, the Currency Amount in respect of the Buyer, | :::(b) if the {{isda2021defsprov|Underlying Transaction}} or the {{isda2021defsprov|Transaction}}, as appropriate, involves more than one currency, the Currency Amount in respect of the Buyer, | ||
:in each case as reduced or increased in accordance with any relevant terms set out in the Confirmation or as set out in Section 11 (''{{isda2021defsprov|Mark-to-Market Currency Swaps}}'') for amortizing or increasing the {{isda2021defsprov|Notional Amount}} or {{isda2021defsprov|Currency Amount}}, as applicable. | :in each case as reduced or increased in accordance with any relevant terms set out in the Confirmation or as set out in Section 11 (''{{isda2021defsprov|Mark-to-Market Currency Swaps}}'') for amortizing or increasing the {{isda2021defsprov|Notional Amount}} or {{isda2021defsprov|Currency Amount}}, as applicable. | ||
:{{isda2021defsprov|4.4.3}} '''{{isda2021defsprov|Currency Amount}}'''. “'''{{isda2021defsprov|Currency Amount}}'''” means, subject to Section {{isda2021defsprov|11.4.9}} (''{{isda2021defsprov|Variable Currency Amount}}''), in respect of a {{isda2021defsprov|Calculation Period}} for a {{isda2021defsprov|Transaction}} involving more than one currency, the amount specified as such [for the] {{isda2021defsprov|Transaction}} or a party. | |||
Latest revision as of 10:46, 30 April 2024
- 4.4.1 Calculation Amount. “Calculation Amount” means the applicable Notional Amount or Currency Amount, as the case may be.
- 4.4.2 Notional Amount. “Notional Amount” means:
- (i) in respect of a Transaction involving one currency, other than an Option Transaction or a Transaction in which “Optional Early Termination” applies, the amount specified as such for the Transaction; and
- (ii) in respect of any Option Transaction or a Transaction to which “Optional Early Termination” applies:
- (a) if the Underlying Transaction or the Transaction, as appropriate, involves one currency, the amount specified as the Notional Amount of the Underlying Transaction or the Transaction, as appropriate;
- (b) if the Underlying Transaction or the Transaction, as appropriate, involves more than one currency, the Currency Amount in respect of the Buyer,
- in each case as reduced or increased in accordance with any relevant terms set out in the Confirmation or as set out in Section 11 (Mark-to-Market Currency Swaps) for amortizing or increasing the Notional Amount or Currency Amount, as applicable.
- 4.4.3 Currency Amount. “Currency Amount” means, subject to Section 11.4.9 (Variable Currency Amount), in respect of a Calculation Period for a Transaction involving more than one currency, the amount specified as such [for the] Transaction or a party.