Valuation Date Location - VM CSA Provision: Difference between revisions
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{{csaanat|Valuation Date Location|2016}} | {{csaanat|Valuation Date Location|2016}}The place where each Party is located, in essence. You exchange [[variation margin]] on every business day for both parties, so each must specify its own {{vmcsaprov|Valuation Date Location}} to work out whether it can expect to receive, or have to puny up, margin. A simple concept made paralysingly convoluted by ISDA’s yen to over-determination. |
Revision as of 01:09, 24 December 2019
2016 VM CSA Anatomy™
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The place where each Party is located, in essence. You exchange variation margin on every business day for both parties, so each must specify its own Valuation Date Location to work out whether it can expect to receive, or have to puny up, margin. A simple concept made paralysingly convoluted by ISDA’s yen to over-determination.