Template:ISDA English Law Credit Support Annex 1995 Value: Difference between revisions
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“'''{{csaprov|Value}}'''” means, for any {{csaprov|Valuation Date}} or other date for which {{csaprov|Value}} is calculated, and subject to Paragraph {{csaprov|4}} in the case of a dispute, with respect to:<br> | |||
:(i) {{csaprov|Eligible Credit Support}} comprised in a {{csaprov|Credit Support Balance}} that is:<br> | :(i) {{csaprov|Eligible Credit Support}} comprised in a {{csaprov|Credit Support Balance}} that is:<br> | ||
::(A) an amount of cash, the {{csaprov|Base Currency Equivalent}} of such amount multiplied by the applicable {{csaprov|Valuation Percentage}}, if any; and <br> | ::(A) an amount of cash, the {{csaprov|Base Currency Equivalent}} of such amount multiplied by the applicable {{csaprov|Valuation Percentage}}, if any; and <br> | ||
::(B) a security, the {{csaprov|Base Currency Equivalent}} of the bid price obtained by the {{csaprov|Valuation Agent}} multiplied by the applicable {{csaprov|Valuation Percentage}}, if any; and <br> | ::(B) a security, the {{csaprov|Base Currency Equivalent}} of the bid price obtained by the {{csaprov|Valuation Agent}} multiplied by the applicable {{csaprov|Valuation Percentage}}, if any; and <br> | ||
:(ii) items that are comprised in a {{csaprov|Credit Support Balance}} and are not {{csaprov|Eligible Credit Support}}, zero.<br> | :(ii) items that are comprised in a {{csaprov|Credit Support Balance}} and are not {{csaprov|Eligible Credit Support}}, zero.<br> | ||
Latest revision as of 10:01, 12 May 2021
“Value” means, for any Valuation Date or other date for which Value is calculated, and subject to Paragraph 4 in the case of a dispute, with respect to:
- (i) Eligible Credit Support comprised in a Credit Support Balance that is:
- (A) an amount of cash, the Base Currency Equivalent of such amount multiplied by the applicable Valuation Percentage, if any; and
- (B) a security, the Base Currency Equivalent of the bid price obtained by the Valuation Agent multiplied by the applicable Valuation Percentage, if any; and
- (A) an amount of cash, the Base Currency Equivalent of such amount multiplied by the applicable Valuation Percentage, if any; and
- (ii) items that are comprised in a Credit Support Balance and are not Eligible Credit Support, zero.