Template:Credit support balance commentary: Difference between revisions

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An important part of the recipe when cooking up a {{{{{1}}}prov|Delivery Amount}} or {{{{{1}}}prov|Return Amount}}.
The {{{{{1}}}prov|Credit Support Balance}} is an important part of the recipe when cooking up a {{{{{1}}}prov|Delivery Amount}} orepresentr {{{{{1}}}prov|Return Amount}}, because it is essentially the amount of credit support you have already posted. The transfer will therefore be your {{csaprov|Credit Support Amount}}/{{vmcsaprov|Exposure}} less that sum.


Note that {{{{{1}}}prov|Interest Amount}}s and {{{{{1}}}prov|Distributions}}, so long as (i) they are held by the {{{{{1}}}prov|Transferee}} and not returned to the {{{{{1}}}prov|Transferor}} and (ii) they themselves are {{{{{1}}}prov|Eligible Credit Support}}, count towards the {{{{{1}}}prov|Credit Support Balance}}. Needless to say, if they are not themselves {{{{{1}}}prov|Eligible Credit Support}} (they will often be in the form of cash, so often(but not necessarily) will be), they aren't counted (but represent an amount due by {{{{{1}}}prov|Transferee}} to {{{{{1}}}prov|Transferor}} which would amount to {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{{{{1}}}prov|Transferor}} would be an unsecured creditor.
Note that {{{{{1}}}prov|Interest Amount}}s and {{{{{1}}}prov|Distributions}}, so long as they (i) have not yet been returned to the {{{{{1}}}prov|Transferor}} and (ii) themselves count as {{{{{1}}}prov|Eligible Credit Support}}, are included in the {{{{{1}}}prov|Credit Support Balance}}. Needless to say, amounts that are not {{{{{1}}}prov|Eligible Credit Support}} aren't counted towards the {{{{1}}}prov|Credit Support Balance}} but an amount due by {{{{{1}}}prov|Transferee}} to {{{{{1}}}prov|Transferor}} which would b {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{{{{1}}}prov|Transferor}} would be an unsecured creditor.


Note, per the definition of {{{{{1}}}prov|Value}}, “items that are comprised in a {{{{{1}}}prov|Credit Support Balance}} and are not {{{{{1}}}prov|Eligible Credit Support}}” are valued at zero. <br>
Note, per the definition of {{{{{1}}}prov|Value}}, “items that are comprised in a {{{{{1}}}prov|Credit Support Balance}} and are not {{{{{1}}}prov|Eligible Credit Support}}” are valued at zero. <br>

Revision as of 22:38, 28 December 2019

The {{{{{1}}}prov|Credit Support Balance}} is an important part of the recipe when cooking up a {{{{{1}}}prov|Delivery Amount}} orepresentr {{{{{1}}}prov|Return Amount}}, because it is essentially the amount of credit support you have already posted. The transfer will therefore be your Credit Support Amount/Exposure less that sum.

Note that {{{{{1}}}prov|Interest Amount}}s and {{{{{1}}}prov|Distributions}}, so long as they (i) have not yet been returned to the {{{{{1}}}prov|Transferor}} and (ii) themselves count as {{{{{1}}}prov|Eligible Credit Support}}, are included in the {{{{{1}}}prov|Credit Support Balance}}. Needless to say, amounts that are not {{{{{1}}}prov|Eligible Credit Support}} aren't counted towards the {{{{1}}}prov|Credit Support Balance}} but an amount due by {{{{{1}}}prov|Transferee}} to {{{{{1}}}prov|Transferor}} which would b Unpaid Amounts on an Event of Default etc, and for which {{{{{1}}}prov|Transferor}} would be an unsecured creditor.

Note, per the definition of {{{{{1}}}prov|Value}}, “items that are comprised in a {{{{{1}}}prov|Credit Support Balance}} and are not {{{{{1}}}prov|Eligible Credit Support}}” are valued at zero.

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