Template:ISDA English Law Credit Support Annex 2016 11(g)(ii): Difference between revisions
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{{csaprov|11(g)(ii)}} {{csaprov|Transfer of Interest Payment (VM) or application of Interest Amount (VM)}}. | {{csaprov|11(g)(ii)}} '''{{csaprov|Transfer of Interest Payment (VM) or application of Interest Amount (VM)}}'''. | ||
:{{csaprov|Interest Transfer}}: [Applicable/Not Applicable] | :{{csaprov|Interest Transfer}}: [Applicable/Not Applicable] | ||
:{{csaprov|Interest Payment Netting}}: [Applicable/Not Applicable] | :{{csaprov|Interest Payment Netting}}: [Applicable/Not Applicable] | ||
Revision as of 23:59, 21 December 2019
11(g)(ii) Transfer of Interest Payment (VM) or application of Interest Amount (VM).
- Interest Transfer: [Applicable/Not Applicable]
- Interest Payment Netting: [Applicable/Not Applicable]
[The transfer of an Interest Payment (VM) by the Interest Payer (VM) will be made on [the last Local Business Day of each calendar month] [and on any Local Business Day that a Return Amount (VM) consisting wholly or partly of cash is transferred to the Transferor pursuant to Paragraph 2(b)]. The transfer of an Interest Payment (VM) by the Interest Payer (VM) will be made on [the last Local Business Day of each calendar month] [and on any Local Business Day that a Delivery Amount (VM) consisting wholly or partly of cash is transferred to the Transferee pursuant to Paragraph 2(a)].]
- Interest Adjustment: [Applicable/Not Applicable]
[The accrued Interest Amount (VM) will be added to the Credit Support Balance (VM) on [the last Local Business Day of each calendar month][each day].]