Talk:Valuation Date - CSA Provision: Difference between revisions

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2016 VM Eng
1995


 
“Valuation Date” means each date specified in or otherwise determined pursuant to Paragraph 11(c)(ii).
“Valuation Date” means, unless otherwise specified in Paragraph 11, each day from, and including, the date of this Annex, that is a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one Valuation Date Location for Party A and at least one Valuation Date Location for Party B.
“Valuation Time” has the meaning specified in Paragraph 11(c)(iii).
11(d)(ii) “Valuation Date” has the meaning specified in Paragraph 10, unless otherwise specified here: ...
11(c) Valuation and Timing.
For purposes of determining the Valuation Date and clause (iii) of the definition of “Local Business Day” in Paragraph 10, “Valuation Date Location”[1] means, with respect to each party, each city, region or country specified below:
11(c)(i) “Valuation Agent” means, for purposes of Paragraphs 2 and 4, the party making the demand under Paragraph 2, and, for purposes of Paragraph 5(c), the Transferee, as applicable, unless otherwise specified here: [SPECIFY]
Party A: ...................................................
11(c)(ii) “Valuation Date” means: [SPECIFY]
Party B: ...................................................
11(c)(iii) “Valuation Time” means:
“Valuation Time” means, unless otherwise specified in Paragraph 11, the time as of which the Valuation Agent computes its end of day valuations of derivatives transactions in the ordinary course of its business (or such other commercially reasonable convenient time on the relevant day as the Valuation Agent may determine).
[ ] the close of business in the place of location of the Valuation Agent on the Valuation Date or date of calculation, as applicable;
11(d)(iii) “Valuation Time” has the meaning specified in Paragraph 10, unless otherwise specified here:
[ ] the close of business on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable;
provided that the calculations of Value and Exposure will, as far as practicable, be made as of approximately the same time on the same date.
11(c)(iv) “Notification Time” means 1:00 p.m., London time, on a Local Business Day, unless otherwise specified here: [SPECIFY]

Revision as of 11:30, 17 June 2024

1995

“Valuation Date” means each date specified in or otherwise determined pursuant to Paragraph 11(c)(ii). “Valuation Time” has the meaning specified in Paragraph 11(c)(iii). 11(c) Valuation and Timing. 11(c)(i) “Valuation Agent” means, for purposes of Paragraphs 2 and 4, the party making the demand under Paragraph 2, and, for purposes of Paragraph 5(c), the Transferee, as applicable, unless otherwise specified here: [SPECIFY] 11(c)(ii) “Valuation Date” means: [SPECIFY] 11(c)(iii) “Valuation Time” means: [ ] the close of business in the place of location of the Valuation Agent on the Valuation Date or date of calculation, as applicable; [ ] the close of business on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable; provided that the calculations of Value and Exposure will, as far as practicable, be made as of approximately the same time on the same date. 11(c)(iv) “Notification Time” means 1:00 p.m., London time, on a Local Business Day, unless otherwise specified here: [SPECIFY]

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