Template:Nutshell 2016 NY CSA Exposure: Difference between revisions
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A party’s “'''{{ | A party’s “'''{{nyvmcsaprov|Exposure}}'''” means the amount it would pay (a positive {{nyvmcsaprov|Exposure}}) or receive (a negative {{isdaprov|Exposure}}) if all {{nyvmcsaprov|Covered Transaction}}s were terminated as at the {{nyvmcsaprov|Valuation Time}} following a {{isdaprov|Termination Event}} where the {{nyvmcsaprov|Base Currency}} was the {{isdaprov|Termination Currency}}; and the {{nyvmcsaprov|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> | ||
Latest revision as of 14:28, 16 January 2020
A party’s “Exposure” means the amount it would pay (a positive Exposure) or receive (a negative Exposure) if all Covered Transactions were terminated as at the Valuation Time following a Termination Event where 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.