Independent Amount - CSA Provision: Difference between revisions
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{{csasnap|Independent Amount}} | {{csasnap|Independent Amount}} | ||
{{csasnap|11(b)(iii)(A)}} | {{csasnap|11(b)(iii)(A)}} | ||
==Discussion=== | ===Discussion=== | ||
Particularly where underlying trades and markets are volatile, you might expect to see a lot of customisation here. | Particularly where underlying trades and markets are volatile, you might expect to see a lot of customisation here. | ||
*The independent amount might be calculated by reference to a given multiplier for a given asset (or type of assets - it is not uncommon to see tiering in FX transactions, for example, where {{isdaprov|Transaction}}s on currencies in the highest Tier might have a low (say 2%) multiplier, and {{isdaprov|Transaction}}s on currencies in the lowest Tier might carry a a 100% multiplier). | *The independent amount might be calculated by reference to a given multiplier for a given asset (or type of assets - it is not uncommon to see tiering in FX transactions, for example, where {{isdaprov|Transaction}}s on currencies in the highest Tier might have a low (say 2%) multiplier, and {{isdaprov|Transaction}}s on currencies in the lowest Tier might carry a a 100% multiplier). |