Template:Nutshell 2016 CSA 2(a): Difference between revisions
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{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}. The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br> | {{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on (or following) a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}. The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br> | ||
Latest revision as of 14:57, 26 March 2024
2(a) Delivery Amount. If the Transferee demands a Delivery Amount at least equal to the Transferor’s Minimum Transfer Amount on (or following) a Valuation Date, the Transferor must transfer Eligible Credit Support with a Value of the Delivery Amount (rounded under Paragraph 11(c)(vi)(B)) to the Transferee. The “Delivery Amount” is the amount by which the Transferee’s Exposure exceeds the Value of the Transferor’s Credit Support Balance on that Valuation Date (adjusted for pending but unsettled transfers).