Template:Credit support balance commentary: Difference between revisions
Amwelladmin (talk | contribs) Created page with "An important part of the recipe when cooking up a {{csaprov|Delivery Amount}} or {{csaprov|Return Amount}}. Note that {{csaprov|Interest Amount}}s and {{csaprov|Distributions..." |
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An important part of the recipe when cooking up a {{ | An important part of the recipe when cooking up a {{{{{1}}}prov|Delivery Amount}} or {{{{{1}}}prov|Return Amount}}. | ||
Note that {{ | Note that {{{{{1}}}prov|Interest Amount}}s and {{{{{1}}}prov|Distributions}}, so long as (i) they are held by the {{{{{1}}}prov|Transferee}} and not returned to the {{{{{1}}}prov|Transferor}} and (ii) they themselves are {{{{{1}}}prov|Eligible Credit Support}}, count towards the {{{{{1}}}prov|Credit Support Balance}}. Needless to say, if they are not themselves {{{{{1}}}prov|Eligible Credit Support}} (they will often be in the form of cash, so often(but not necessarily) will be), they aren't counted (but represent an amount due by {{{{{1}}}prov|Transferee}} to {{{{{1}}}prov|Transferor}} which would amount to {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{{{{1}}}prov|Transferor}} would be an unsecured creditor. | ||
Note, per the definition of {{ | Note, per the definition of {{{{{1}}}prov|Value}}, “items that are comprised in a {{{{{1}}}prov|Credit Support Balance}} and are not {{{{{1}}}prov|Eligible Credit Support}}” are valued at zero. <br> | ||
Revision as of 22:10, 28 December 2019
An important part of the recipe when cooking up a {{{{{1}}}prov|Delivery Amount}} or {{{{{1}}}prov|Return Amount}}.
Note that {{{{{1}}}prov|Interest Amount}}s and {{{{{1}}}prov|Distributions}}, so long as (i) they are held by the {{{{{1}}}prov|Transferee}} and not returned to the {{{{{1}}}prov|Transferor}} and (ii) they themselves are {{{{{1}}}prov|Eligible Credit Support}}, count towards the {{{{{1}}}prov|Credit Support Balance}}. Needless to say, if they are not themselves {{{{{1}}}prov|Eligible Credit Support}} (they will often be in the form of cash, so often(but not necessarily) will be), they aren't counted (but represent an amount due by {{{{{1}}}prov|Transferee}} to {{{{{1}}}prov|Transferor}} which would amount to Unpaid Amounts on an Event of Default etc, and for which {{{{{1}}}prov|Transferor}} would be an unsecured creditor.
Note, per the definition of {{{{{1}}}prov|Value}}, “items that are comprised in a {{{{{1}}}prov|Credit Support Balance}} and are not {{{{{1}}}prov|Eligible Credit Support}}” are valued at zero.