Template:ISDA English Law Credit Support Annex 1995 3(c)(i): Difference between revisions

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:{{csaprov|3(c)(i)}} Unless otherwise specified in Paragraph {{csaprov|11}}, the {{csaprov|Transferor}} may on any Local Business <br>Day by notice inform the {{csaprov|Transferee}} that it wishes to transfer to the {{csaprov|Transferee}} Eligible Credit <br>Support specified in that notice (the “'''{{csaprov|New Credit Support}}'''") in exchange for certain Eligible Credit <br>Support (the “'''{{csaprov|Original Credit Support}}'''") specified in that notice comprised in the {{csaprov|Transferor}}'s <br>{{csaprov|Credit Support Balance}}. <br>
:{{csaprov|3(c)(i)}} Unless otherwise specified in Paragraph {{csaprov|11}}, the {{csaprov|Transferor}} may on any {{csaprov|Local Business Day}} by notice inform the {{csaprov|Transferee}} that it wishes to transfer to the {{csaprov|Transferee}} {{csaprov|Eligible Credit Support}} specified in that notice (the “'''{{csaprov|New Credit Support}}'''") in exchange for certain {{csaprov|Eligible Credit Support}} (the “'''{{csaprov|Original Credit Support}}'''") specified in that notice comprised in the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance}}. <br>

Revision as of 16:45, 12 January 2017

3(c)(i) Unless otherwise specified in Paragraph 11, the Transferor may on any Local Business Day by notice inform the Transferee that it wishes to transfer to the Transferee Eligible Credit Support specified in that notice (the “New Credit Support") in exchange for certain Eligible Credit Support (the “Original Credit Support") specified in that notice comprised in the Transferor’s Credit Support Balance.
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