Template:Csa Valuation Date comp: Difference between revisions
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
Whereas the [[Valuation Date - CSA Provision|1995 version]] is kind of laissez faire — yo, dudes, put whatever you like in the elections para, you know — because a [[credit support annex]] back then was a bit of a wheeze, and no-one really understood it — in the intervening 21 years {{icds}} got all nudgy. So they say “every business day” unless you specify something else and, like, you are ''not'' going to specify something else, are you, because regulatory rules ''say'' it has to be every day. | Whereas the [[Valuation Date - CSA Provision|1995 version]] is kind of laissez faire — yo, dudes, put whatever you like in the elections para, you know — because a [[credit support annex]] back then was a bit of a wheeze, and no-one really understood it — in the intervening 21 years {{icds}} got all ''nudgy''. So they say “every business day” unless you specify something else and, like, you are ''not'' going to specify something else, are you, because regulatory rules ''say'' it has to be every day. | ||
[[Valuation Date - VM CSA Provision|Note]] also the introduction in 2016 of a {{vmcsaprov|Valuation Date Location}}: each party gets to choose one, being its own hometown. If you’re off dancing the maypole, or whatever collective cultural tradition you follow in your part of the world (In the Czech Republic, I am told, at Easter the boys chase the girls round the kitchen table with riding crops. Which sounds kind fun), then you should have no fear you’ll get called on to make a collateral transfer. | [[Valuation Date - VM CSA Provision|Note]] also the introduction in 2016 of a {{vmcsaprov|Valuation Date Location}}: each party gets to choose one, being its own hometown. If you’re off dancing the maypole, or whatever collective cultural tradition you follow in your part of the world (In the Czech Republic, I am told, at Easter the boys chase the girls round the kitchen table with riding crops. Which sounds kind fun), then you should have no fear you’ll get called on to make a collateral transfer. | ||
Revision as of 23:43, 17 September 2022
Whereas the 1995 version is kind of laissez faire — yo, dudes, put whatever you like in the elections para, you know — because a credit support annex back then was a bit of a wheeze, and no-one really understood it — in the intervening 21 years ISDA’s crack drafting squad™ got all nudgy. So they say “every business day” unless you specify something else and, like, you are not going to specify something else, are you, because regulatory rules say it has to be every day.
Note also the introduction in 2016 of a Valuation Date Location: each party gets to choose one, being its own hometown. If you’re off dancing the maypole, or whatever collective cultural tradition you follow in your part of the world (In the Czech Republic, I am told, at Easter the boys chase the girls round the kitchen table with riding crops. Which sounds kind fun), then you should have no fear you’ll get called on to make a collateral transfer.