Template:Nutshell 1995 CSA 2(b): Difference between revisions
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{{csaprov|2(b)}} '''{{csaprov|Return Amount}}'''. If the {{csaprov|Transferor}} demands a {{csaprov|Return Amount}} at least equalling the {{csaprov|Transferee}}’s {{csaprov|Minimum Transfer Amount}} on a {{csaprov|Valuation Date}}, the {{csaprov|Transferee}} must transfer the specified {{csaprov|Equivalent Credit Support}} with a {{csaprov|Value}} of the {{csaprov|Return Amount}} (rounded under Paragraph {{csaprov|11(b)(iii)(D)}}) to the {{csaprov|Transferee}} and the {{csaprov|Credit Support Balance}} will be proportionately reduced. The “'''{{csaprov|Return Amount}}'''” is the amount by which | {{csaprov|2(b)}} '''{{csaprov|Return Amount}}'''. If the {{csaprov|Transferor}} demands a {{csaprov|Return Amount}} at least equalling the {{csaprov|Transferee}}’s {{csaprov|Minimum Transfer Amount}} on a {{csaprov|Valuation Date}}, the {{csaprov|Transferee}} must transfer the specified {{csaprov|Equivalent Credit Support}} with a {{csaprov|Value}} of the {{csaprov|Return Amount}} (rounded under Paragraph {{csaprov|11(b)(iii)(D)}}) to the {{csaprov|Transferee}} and the {{csaprov|Credit Support Balance}} will be proportionately reduced. The “'''{{csaprov|Return Amount}}'''” is the amount by which | ||
:(i) the {{csaprov|Value}} of the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance}} (adjusted for pending but unsettled transfers) exceeds <br> | :(i) the {{csaprov|Value}} of the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance}} (adjusted for pending but unsettled transfers) exceeds: <br> | ||
:(ii) the {{csaprov|Credit Support Amount}}. <br> | :(ii) the {{csaprov|Credit Support Amount}}. <br> | ||
Latest revision as of 14:51, 22 February 2023
2(b) Return Amount. If the Transferor demands a Return Amount at least equalling the Transferee’s Minimum Transfer Amount on a Valuation Date, the Transferee must transfer the specified Equivalent Credit Support with a Value of the Return Amount (rounded under Paragraph 11(b)(iii)(D)) to the Transferee and the Credit Support Balance will be proportionately reduced. The “Return Amount” is the amount by which
- (i) the Value of the Transferor’s Credit Support Balance (adjusted for pending but unsettled transfers) exceeds:
- (ii) the Credit Support Amount.