Template:Nutshell 2016 CSA 6: Difference between revisions

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{{csaprov|6}}. '''{{csaprov|Default}}'''. <br>
{{vmcsarov|6}}. '''{{vmcsarov|Default}}'''. <br>
If there is an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{csaprov|Value}} of the {{csaprov|Credit Support Balance (VM)}}, determined of the {{isdaprov|Early Termination Date}}, will be an {{isdaprov|Unpaid Amount}} due to the {{csaprov|Transferor}} under Section {{isdaprov|6(e)}}. For the {{isdaprov|Transaction}} represented by this {{csaprov|Annex}}:
If there is an {{isdaprov|Early Termination Date}} following an {{isdaprov|Event of Default}}, the {{vmcsarov|Value}} of the {{vmcsarov|Credit Support Balance (VM)}}, determined of the {{isdaprov|Early Termination Date}}, will be an {{isdaprov|Unpaid Amount}} due to the {{vmcsarov|Transferor}} under Section {{isdaprov|6(e)}}. For the {{isdaprov|Transaction}} represented by this {{vmcsarov|Annex}}:
:(a) any {{isdaprov|Market Quotation}} will be zero;  
:(a) any {{isdaprov|Market Quotation}} will be zero;  
:(b) any {{isdaprov|Loss}} will be limited to the {{isdaprov|Unpaid Amount}} representing the {{csaprov|Value}} of the relevant {{csaprov|Credit Support Balance (VM)}} and any unsatisfied {{csaprov|Interest Payment (VM)}} obligations;  
:(b) any {{isdaprov|Loss}} will be limited to the {{isdaprov|Unpaid Amount}} representing the {{vmcsarov|Value}} of the relevant {{vmcsarov|Credit Support Balance (VM)}} and any unsatisfied {{vmcsarov|Interest Payment (VM)}} obligations;  
:(c) any {{isdaprov|Close-out Amount}} will be zero; and  
:(c) any {{isdaprov|Close-out Amount}} will be zero; and  
:(d) there will be no {{isdaprov|Unpaid Amount}} relating to any unsatisfied obligation under Paragraph {{csaprov|2}} or Paragraph {{csaprov|3(c)}}. <br>
:(d) there will be no {{isdaprov|Unpaid Amount}} relating to any unsatisfied obligation under Paragraph {{vmcsarov|2}} or Paragraph {{vmcsarov|3(c)}}. <br>

Revision as of 12:49, 2 December 2019

Template:Vmcsarov. Template:Vmcsarov.
If there is an Early Termination Date following an Event of Default, the Template:Vmcsarov of the Template:Vmcsarov, determined of the Early Termination Date, will be an Unpaid Amount due to the Template:Vmcsarov under Section 6(e). For the Transaction represented by this Template:Vmcsarov:

(a) any Market Quotation will be zero;
(b) any Loss will be limited to the Unpaid Amount representing the Template:Vmcsarov of the relevant Template:Vmcsarov and any unsatisfied Template:Vmcsarov obligations;
(c) any Close-out Amount will be zero; and
(d) there will be no Unpaid Amount relating to any unsatisfied obligation under Paragraph Template:Vmcsarov or Paragraph Template:Vmcsarov.
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