Calculations - NY VM CSA Provision: Difference between revisions

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Revision as of 22:24, 22 January 2020

2016 NY VM CSA Anatomy™


In a Nutshell Section 4(c):

Template:Nutshell 2016 NY CSA 4(c) view template

2016 NY VM CSA full text of Section 4(c):

4(c) Calculations. All calculations of Value and Exposure for purposes of Paragraphs 3 and 6(d) will be made by the Valuation Agent as of the Valuation Time; provided that the Valuation Agent may use, in the case of any calculation of (i) Value, Values most recently reasonably available for close of business in the relevant market for the relevant Eligible Credit Support (VM) as of the Valuation Time and (ii) Exposure, relevant information or data most recently reasonably available for close of business in the relevant market(s) as of the Valuation Time. The Valuation Agent will notify each party (or the other party, if the Valuation Agent is a party) of its calculations not later than the Notification Time on the Local Business Day following the applicable Valuation Date (or in the case of Paragraph 6(d), following the date of calculation).
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Related Agreements
Click here for the text of Section 4(c) in the 1994 New York law CSA
Click here for the text of Section 3(c) in the 1995 English Law CSA
Click here for the text of Section 3(c) in the 2016 English Law VM CSA
Comparisons
Template:2nycsadiff 4(c)
Template:Nycsadiff 4(c)
Template:Csadiff 3(c)

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Differences between CSA versions

Template:Nycsa capsule 4(c)