Dispute Resolution - CSA Provision: Difference between revisions

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{{fullanat2|csa|11(e)|1995|11(f)|2016}}
{{fullanat2|csa|11(e)|1995|11(f)|2016}}
There is a wealth of information to be found in the commentary at Section {{csaprov|4}}:<br />
{{1995 CSA Section 4 TOC}}
{{1995 CSA Section 4 TOC}}
You may see this provision defaulting to the definition of “{{csaprov|Value}}” in Paragraph {{csaprov|10}}.

Revision as of 15:51, 14 December 2016

CSA Anatomy™


11(e) Dispute Resolution

11(e)(i)Resolution Time” means 1:00 p.m., London time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 4, unless otherwise specified here: ...
11(e)(ii) Value. For the purpose of Paragraphs 4(a)(4)(i)(C) and 4(a)(4)(ii), the Value of the outstanding Credit Support Balance or of any transfer of Eligible Credit Support or Equivalent Credit Support, as the case may be, will be calculated as follows: ...
11(e)(iii) Alternative. The provisions of Paragraph 4 will apply, unless an alternative dispute resolution procedure is specified here: ...

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11(f) Dispute Resolution.

11(f)(i)Resolution Time” means 1:00 p.m., London time, on the Local Business Day following the date on which the notice is given that gives rise to a dispute under Paragraph 4, unless otherwise specified here: ...
11(f)(ii) Value. For the purpose of Paragraphs 4(a)(4)(i)(C) and 4(a)(4)(ii), the Value of the outstanding Credit Support Balance (VM) or of any transfer of Eligible Credit Support (VM) or Equivalent Credit Support (VM), as the case may be, will be calculated as follows: ...
11(f)(iii) Alternative. The provisions of Paragraph 4 will apply, unless an alternative dispute resolution procedure is specified here: ...

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There is a wealth of information to be found in the commentary at Section 4:

Paragraph 4 Dispute Resolution

Paragraph 4(a) Disputed Calculations or Valuations
Paragraph 4(b) No Event of Default

You may see this provision defaulting to the definition of “Value” in Paragraph 10.