FX Haircut Percentage - CSA Provision: Difference between revisions

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(Replaced content with "{{csaanat|11(c)(v)(B)|2016|13(c)(v)}}{{csa fx haircut percentage}}")
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{{csaanat|11(c)(v)(B)|2016|13(c)(v)}}A provision that assuredly goes into the {{isia}} category.
{{csaanat|11(c)(v)(B)|2016|13(c)(v)}}{{csa fx haircut percentage}}
Relevant to the calculation of {{csaprov|Value}} of a gentleman’s {{csaprov|Credit Support Balance}}. An observation one might make here is that if you have a cash-only {{tag|CSA}} and as long as you only accept the {{csaprov|Major Currencies}}, then this entire Rube Goldberg provision is unnecessary: The {{csaprov|Valuation Percentage}} will (most likely) be 100%, the {{csaprov|FX Haircut Percentage}} will be zero, so the definition of value that these definitions feed into amounts to the following:
:The amount (call it ''n'') ''multiplied by'' the sum of 100% ''minus'' zero%, ''or''
:''n'' * (100% - 0%), ''or''
:''n'' * 100%, ''or''
:''n''.
 
Sigh.
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