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Template:ISDA English Law Credit Support Deed 2018 3(b): Difference between revisions
Template:ISDA English Law Credit Support Deed 2018 3(b) (view source)
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Amwelladmin (talk | contribs) (Created page with "{{imcsdprov|3(b)}} {{imcsdprov|Return Amount (IM)}}. Subject to Paragraphs {{imcsdprov|4}} and {{imcsdprov|5}}, upon a demand made by the {{imcsdprov|Chargor}} on or promptly...") |
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{{imcsdprov|3(b)}} {{imcsdprov|Return Amount (IM)}}. Subject to Paragraphs {{imcsdprov|4}} and {{imcsdprov|5}}, upon a demand made by the {{imcsdprov|Chargor}} on or promptly following a {{imcsdprov|Calculation Date (IM)}}, if the {{imcsdprov|Return Amount (IM)}} applicable to the {{imcsdprov|Secured Party}} for that {{imcsdprov|Calculation Date (IM)}} equals or exceeds the {{imcsdprov|Secured Party}}’s {{imcsdprov|Minimum Transfer Amount (IM)}}, then the {{imcsdprov|Secured Party}} will instruct the Custodian (IM) to transfer to the {{imcsdprov|Chargor}} {{imcsdprov|Posted Credit Support (IM)}} specified by the {{imcsdprov|Chargor}} in that demand having a {{imcsdprov|Value}} as of the date of transfer as close as practicable to (but not more than) the applicable {{imcsdprov|Return Amount (IM)}} (rounded pursuant to Paragraph {{imcsdprov|13}}). Unless otherwise specified in Paragraph {{imcsdprov|13}}, the “{{imcsdprov|Return Amount (IM)}}” applicable to the {{imcsdprov|Secured Party}} for any {{imcsdprov|Calculation Date (IM)}} will equal the amount by which: <br> | {{imcsdprov|3(b)}} '''{{imcsdprov|Return Amount (IM)}}'''. Subject to Paragraphs {{imcsdprov|4}} and {{imcsdprov|5}}, upon a demand made by the {{imcsdprov|Chargor}} on or promptly following a {{imcsdprov|Calculation Date (IM)}}, if the {{imcsdprov|Return Amount (IM)}} applicable to the {{imcsdprov|Secured Party}} for that {{imcsdprov|Calculation Date (IM)}} equals or exceeds the {{imcsdprov|Secured Party}}’s {{imcsdprov|Minimum Transfer Amount (IM)}}, then the {{imcsdprov|Secured Party}} will instruct the Custodian (IM) to transfer to the {{imcsdprov|Chargor}} {{imcsdprov|Posted Credit Support (IM)}} specified by the {{imcsdprov|Chargor}} in that demand having a {{imcsdprov|Value}} as of the date of transfer as close as practicable to (but not more than) the applicable {{imcsdprov|Return Amount (IM)}} (rounded pursuant to Paragraph {{imcsdprov|13}}). Unless otherwise specified in Paragraph {{imcsdprov|13}}, the “{{imcsdprov|Return Amount (IM)}}” applicable to the {{imcsdprov|Secured Party}} for any {{imcsdprov|Calculation Date (IM)}} will equal the amount by which: <br> | ||
:(i) the {{imcsdprov|Value}} as of that {{imcsdprov|Calculation Date (IM)}} of all {{imcsdprov|Posted Credit Support (IM)}} held by the {{imcsdprov|Secured Party}} (as adjusted to include any prior {{imcsdprov|Delivery Amount (IM)}} and to exclude any prior {{imcsdprov|Return Amount (IM)}}, the transfer of which, in either case, has not yet been completed and for which the relevant {{imcsdprov|Regular Settlement Day}} falls on or prior to such {{imcsdprov|Calculation Date (IM)}}) <br> | :(i) the {{imcsdprov|Value}} as of that {{imcsdprov|Calculation Date (IM)}} of all {{imcsdprov|Posted Credit Support (IM)}} held by the {{imcsdprov|Secured Party}} (as adjusted to include any prior {{imcsdprov|Delivery Amount (IM)}} and to exclude any prior {{imcsdprov|Return Amount (IM)}}, the transfer of which, in either case, has not yet been completed and for which the relevant {{imcsdprov|Regular Settlement Day}} falls on or prior to such {{imcsdprov|Calculation Date (IM)}}) <br> | ||
:exceeds | :exceeds | ||
:(ii) the {{imcsdprov|Credit Support Amount (IM)}} applicable to the {{imcsdprov|Chargor}}. <br> | :(ii) the {{imcsdprov|Credit Support Amount (IM)}} applicable to the {{imcsdprov|Chargor}}. <br> | ||