Eligible Credit Support (VM) - CSA Provision: Difference between revisions

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{{csaanat|Eligible Credit Support (VM)|2016}}
{{csaanat|11(c)(ii)|2016}}

Revision as of 10:50, 4 October 2019

2016 VM CSA Anatomy™


In a Nutshell Section Eligible Credit Support (VM):

Eligible Credit Support (VM)” means, for a party, the items specified for that party in Paragraph 11(c)(ii), and where any securities are specified, includes their redemption proceeds.
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2016 VM CSA full text of Section Eligible Credit Support (VM):

Eligible Credit Support (VM)” means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(c)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.
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Related Agreements
Click here for the text of Section Eligible Credit Support (VM) in the 1995 English Law CSA
Click here for the text of Section Eligible Credit Support (VM) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff Eligible Credit Support (VM)
{{nycsadiff {{{3}}}}}

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2016 VM CSA Anatomy™


In a Nutshell Section 11(c)(ii):

11(c)(ii) Eligible Credit Support (VM). Subject to Paragraph 9(e) and the Credit Support Eligibility Condition (VM)s in Paragraph 11 the following items will qualify as “Eligible Credit Support (VM)” for the party specified (as Transferor):

Party A Valuation Percentage Party B Valuation Percentage
(A) cash in an Eligible Currency [ ] [ ]% [ ] [ ]%
(B) other: [ ] [ ]% [ ] [ ]%

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2016 VM CSA full text of Section 11(c)(ii):

11(c)(ii) Eligible Credit Support (VM): Subject to Paragraph 9(e), if applicable, and each Credit Support Eligibility Condition (VM) applicable to it specified in Paragraph 11, if any, the following items will qualify as “Eligible Credit Support (VM)” for the party specified (as the Transferor):


Party A Valuation Percentage Party B Valuation Percentage
(A) Cash in an Eligible Currency [...] [...]% [...] [...]%
(B) Other [...] [...]% [...] [...]%

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Related Agreements
Click here for the text of Section 11(c)(ii) in the 1995 English Law CSA
Click here for the text of Section 11(c)(ii) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff 11(c)(ii)
{{nycsadiff {{{3}}}}}

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.