Template:ISDA English Law Credit Support Annex 1995 Base Currency Equivalent: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) (Created page with ""'''{{csaprov|Base Currency Equivalent}}'''" means, with respect to an amount on a {{csaprov|Valuation Date}}, in the case of an <br>amount denominated in the {{csaprov|Base C...") |
Amwelladmin (talk | contribs) m (Text replace - "" " to "” ") |
||
| Line 1: | Line 1: | ||
"'''{{csaprov|Base Currency Equivalent}}''' | "'''{{csaprov|Base Currency Equivalent}}'''” means, with respect to an amount on a {{csaprov|Valuation Date}}, in the case of an <br>amount denominated in the {{csaprov|Base Currency}}, such {{csaprov|Base Currency}} amount and, in the case of an amount <br>denominated in a currency other than the {{csaprov|Base Currency}} (the “'''{{csaprov|Other Currency}}'''”), the amount of Base <br>Currency required to purchase such amount of the {{csaprov|Other Currency}} at the spot exchange rate determined by <br>the {{csaprov|Valuation Agent}} for value on such {{csaprov|Valuation Date}}.<br> | ||
Revision as of 09:48, 16 September 2016
"Base Currency Equivalent” means, with respect to an amount on a Valuation Date, in the case of an
amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount
denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base
Currency required to purchase such amount of the Other Currency at the spot exchange rate determined by
the Valuation Agent for value on such Valuation Date.