Template:ISDA English Law Credit Support Deed 2018 Value: Difference between revisions
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::(B) a security, the {{imcsdprov|Base Currency Equivalent}} of the [[bid]] price obtained by the {{imcsdprov|Calculation Agent (IM)}} multiplied by ({{imcsdprov|VP}} – {{imcsdprov|HFX}}):<br> | ::(B) a security, the {{imcsdprov|Base Currency Equivalent}} of the [[bid]] price obtained by the {{imcsdprov|Calculation Agent (IM)}} multiplied by ({{imcsdprov|VP}} – {{imcsdprov|HFX}}):<br> | ||
::where:<br> | ::where:<br> | ||
::: | :::'''{{imcsdprov|VP}}''' equals the applicable {{imcsdprov|Valuation Percentage}}; and <br> | ||
::: | :::'''{{imcsdprov|HFX}}''' equals the [[applicable]] {{imcsdprov|FX Haircut Percentage}},<br> | ||
::provided that, for the purposes of calculating {{imcsdprov|Value}} under Paragraph {{imcsdprov|11(a)}}, the {{imcsdprov|VP}} will be 100% and {{imcsdprov|HFX}} will be zero; and<br> | ::provided that, for the purposes of calculating {{imcsdprov|Value}} under Paragraph {{imcsdprov|11(a)}}, the {{imcsdprov|VP}} will be 100% and {{imcsdprov|HFX}} will be zero; and<br> | ||
:(ii) {{imcsdprov|Posted Credit Support (IM)}} that consists of items that are, in respect of the relevant posting obligation, deemed as of such date to have a {{imcsdprov|Value}} of zero pursuant to Paragraph {{imcsdprov|13}}, zero. <br> | :(ii) {{imcsdprov|Posted Credit Support (IM)}} that consists of items that are, in respect of the relevant posting obligation, deemed as of such date to have a {{imcsdprov|Value}} of zero pursuant to Paragraph {{imcsdprov|13}}, zero. <br> | ||