Talk:Valuation Time - VM CSA Provision: Difference between revisions

Revision as of 00:45, 30 December 2019

1995 (Para 11(c)(iii))

11(c)(iii) “Valuation Time” means:

[ ] the close of business in the place of location of the Valuation Agent on the Valuation Date or date of calculation, as applicable;

[ ] the close of business on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable;

provided that the calculations of Value and Exposure will, as far as practicable, be made as of approximately the same time on the same date.

@@ Line 1: / Line 1: @@
 (Para 11(c)(iii))
-(c)(iii) “Valuation Time” means:
+:11(c)(iii) “Valuation Time” means:
+::[ ] the close of business in the place of location of the Valuation Agent on the Valuation Date or date of calculation, as applicable;
-        [ ] the close of business in the place of location of the Valuation Agent on the
+::[ ] the close of business on the Local Business Day immediately preceding the Valuation Date or date of calculation, as applicable;
-        Valuation Date or date of calculation, as applicable;
+:provided that the calculations of Value and Exposure will, as far as practicable, be made as of approximately the same time on the same date.
-        [ ] the close of business on the Local Business Day immediately preceding the
-        Valuation Date or date of calculation, as applicable;
-    provided that the calculations of Value and Exposure will, as far as practicable, be made as of
-    approximately the same time on the same date.