Template:Nutshell 2018 CSD 3(c)(iii)(B): Difference between revisions

Revision as of 15:32, 15 April 2021

(B) If the “Allocated Margin Flow (IM/IA) Approach” applies the Chargor’s “Credit Support Amount (IM)” on any Calculation Date (IM) will be its Margin Amount (IM) minus its Threshold (IM) (subject to a minimum of zero) and its posting obligation for Margin Amount (IA) under any Other CSA will be reduced by that Credit Support Amount (IM) (also subject to a minimum of zero).

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-:(B)	If the “'''{{imcsdprov|Allocated Margin Flow (IM/IA) Approach}}'''” applies:
+:(B)	If the “'''{{imcsdprov|Allocated Margin Flow (IM/IA) Approach}}'''” applies the {{imcsdprov|Chargor}}’s “'''{{imcsdprov|Credit Support Amount (IM)}}'''” on any {{imcsdprov|Calculation Date (IM)}} will be its {{imcsdprov|Margin Amount (IM)}} minus its {{imcsdprov|Threshold (IM)}} (subject to a minimum of zero) and its posting obligation for {{imcsdprov|Margin Amount (IA)}} under any {{imcsdprov|Other CSA}} will be reduced by that {{imcsdprov|Credit Support Amount (IM)}} (also subject to a minimum of zero). <br>
-::(1)	“'''{{imcsdprov|Credit Support Amount (IM)}}'''” means, with respect to the {{imcsdprov|Chargor}} on any {{imcsdprov|Calculation Date (IM)}} (i) its {{imcsdprov|Margin Amount (IM)}} minus (ii) its {{imcsdprov|Threshold (IM)}} subject to a minimum of zero.
-::(2)	The {{imcsdprov|Chargor}}’s posting obligation for any {{imcsdprov|Margin Amount (IA)}} under any {{imcsdprov|Other CSA}} will be reduced by such {{imcsdprov|Credit Support Amount (IM)}} (subject also to a minimum of zero). <br>