Template:Nutshell 2016 CSA Exposure: Difference between revisions
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A party’s “'''{{vmcsaprov|Exposure}}'''” means the amount it would pay (a positive {{vmcsaprov|Exposure}}) or receive (a negative {{isdaprov|Exposure}}) if all {{vmcsaprov|Covered | A party’s “'''{{vmcsaprov|Exposure}}'''” means the amount it would pay (a positive {{vmcsaprov|Exposure}}) or receive (a negative {{isdaprov|Exposure}}) if all {{vmcsaprov|Covered Transaction}}s other than the {{vmcsa}} were terminated as at the {{vmcsaprov|Valuation Time}} following a {{isdaprov|Termination Event}} where the other party was the {{isdaprov|One Affected Party}}, the {{vmcsaprov|Base Currency}} was the {{isdaprov|Termination Currency}}; and the {{vmcsaprov|Valuation Agent}} made the relevant valuations on the party’s behalf using mid-market estimates of the amounts that would required under the relevant {{isdama}}. <br> | ||
Revision as of 14:22, 6 January 2020
A party’s “Exposure” means the amount it would pay (a positive Exposure) or receive (a negative Exposure) if all Covered Transactions other than the 2016 VM CSA were terminated as at the Valuation Time following a Termination Event where the other party was the One Affected Party, the Base Currency was the Termination Currency; and the Valuation Agent made the relevant valuations on the party’s behalf using mid-market estimates of the amounts that would required under the relevant ISDA Master Agreement.