Template:Nutshell GMRA 4(c): Difference between revisions
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{{gmraprov|4(c)}} A party’s {{gmraprov|Net Exposure}} to the other party is | {{gmraprov|4(c)}} A party’s '''{{gmraprov|Net Exposure}}''' to the other party is the excess of: | ||
:(A) the total of its {{gmraprov|Transaction Exposures}} plus any {{gmraprov|Income Payments}} the other party owes ''minus'' the {{gmraprov|Net Margin}} provided to it by the other party, over | :(A) the total of its {{gmraprov|Transaction Exposures}} plus any {{gmraprov|Income Payments}} the other party owes ''minus'' the {{gmraprov|Net Margin}} provided to it by the other party, over | ||
:(B) the total of the other party's {{gmraprov|Transaction Exposures}} ''plus'' any {{gmraprov|Income Payments}} it owes the other party ''minus'' any {{gmraprov|Net Margin}} it provided to the other party; <br> | :(B) the total of the other party's {{gmraprov|Transaction Exposures}} ''plus'' any {{gmraprov|Income Payments}} it owes the other party ''minus'' any {{gmraprov|Net Margin}} it provided to the other party; <br> | ||
converting amounts into the {{gmraprov|Base Currency}} at the prevailing {{gmraprov|Spot Rate}} where necessary. <br> | converting amounts into the {{gmraprov|Base Currency}} at the prevailing {{gmraprov|Spot Rate}} where necessary. <br> | ||
Revision as of 15:18, 29 June 2020
4(c) A party’s Net Exposure to the other party is the excess of:
- (A) the total of its Transaction Exposures plus any Income Payments the other party owes minus the Net Margin provided to it by the other party, over
- (B) the total of the other party's Transaction Exposures plus any Income Payments it owes the other party minus any Net Margin it provided to the other party;
converting amounts into the Base Currency at the prevailing Spot Rate where necessary.