Value - NY VM CSA Provision

2016 NY VM CSA Anatomy™ →Go uptown In a Nutshell™ Section Value: Template:Nutshell 2016 NY CSA Value view template 2016 NY VM CSA full text of Section Value: “Value” means for any Valuation Date or other date for which Value is calculated and subject to Paragraph 5 in the case of a dispute, with respect to: (i) Eligible Collateral (VM) or Posted Collateral (VM) that is: (A) an amount of Cash, the Base Currency Equivalent of such amount multiplied by (VP – HFX); and (B) a security, the Base Currency Equivalent of the bid price obtained by the Valuation Agent multiplied by (VP – HFX), where: VP equals the applicable Valuation Percentage; and HFX equals the applicable FX Haircut Percentage; (ii) Posted Collateral (VM) that consists of items that are not Eligible Collateral (VM) (including any item or any portion of any item that fails to satisfy any (A) Credit Support Eligibility Condition (VM)) applicable to it or (B) applicable Legal Eligibility Requirements), zero; and (iii) Other Eligible Support (VM) and Other Posted Support (VM), as specified in Paragraph 13. view template Related Agreements Click here for the text of Section Value in the 1994 New York law CSA Click here for the text of Section Value in the 1995 English Law CSA Click here for the text of Section Value in the 2016 English Law VM CSA Comparisons Template:2nycsadiff Value 2016 VM CSA and 2016 NY Law VM CSA: click for comparison 1995 CSA and 2016 VM CSA: click for comparison Resources Full wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Security Interest) | 3 (Credit Support Obligations) | 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) | 5 (Dispute Resolution) | 6 (Holding and Using Posted Collateral (VM)) | 7 (Events of Default) | 8 (Certain Rights and Remedies) | 9 (Representations) | 10 (Expenses) | 11 (Miscellaneous) | 12 (Definitions) | 13 (Elections and Variables) Index: Click ᐅ to expand: 2016 NY VM CSA Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.