Template:Nutshell 2018 CSD 3(b): Difference between revisions
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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 the {{imcsdprov|Chargor}}’s demand following a {{i...") |
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{{imcsdprov|3(b)}} '''{{imcsdprov|Return Amount (IM)}}'''. Subject to Paragraphs {{imcsdprov|4}} and {{imcsdprov|5}}, upon the {{imcsdprov|Chargor}}’s demand following a {{imcsdprov|Calculation Date (IM)}}, if a {{imcsdprov|Secured Party}}’s {{imcsdprov|Return Amount (IM)}} is at least equal to its {{imcsdprov|Minimum Transfer Amount (IM)}}, it must instruct the {{imcsdprov|Custodian (IM)}} to transfer {{imcsdprov|Posted Credit Support (IM)}} to the {{imcsdprov|Chargor}} | {{imcsdprov|3(b)}} '''{{imcsdprov|Return Amount (IM)}}'''. Subject to Paragraphs {{imcsdprov|4}} and {{imcsdprov|5}}, upon the {{imcsdprov|Chargor}}’s demand following a {{imcsdprov|Calculation Date (IM)}}, if a {{imcsdprov|Secured Party}}’s {{imcsdprov|Return Amount (IM)}} is at least equal to its {{imcsdprov|Minimum Transfer Amount (IM)}}, it must instruct the {{imcsdprov|Custodian (IM)}} to transfer {{imcsdprov|Posted Credit Support (IM)}} to the {{imcsdprov|Chargor}} per the {{imcsdprov|Chargor}}’ demand having a {{imcsdprov|Value}} equal to the (rounded) {{imcsdprov|Return Amount (IM)}}. The “{{imcsdprov|Return Amount (IM)}}” for any {{imcsdprov|Calculation Date (IM)}} will equal the amount by which: <br> | ||
:(i) the prevailing {{imcsdprov|Value}} of all {{imcsdprov|Posted Credit Support (IM)}} the {{imcsdprov|Secured Party}} holds (treating pending but unsettled {{imcsdprov|Delivery Amount (IM)}}s and {{imcsdprov|Return Amount (IM)}}s as not having been made) <br> | :(i) the prevailing {{imcsdprov|Value}} of all {{imcsdprov|Posted Credit Support (IM)}} the {{imcsdprov|Secured Party}} holds (treating pending but unsettled {{imcsdprov|Delivery Amount (IM)}}s and {{imcsdprov|Return Amount (IM)}}s as not having been made) <br> | ||
:exceeds | :exceeds | ||
:(ii) the {{imcsdprov|Chargor}}’s {{imcsdprov|Credit Support Amount (IM)}}. <br> | :(ii) the {{imcsdprov|Chargor}}’s {{imcsdprov|Credit Support Amount (IM)}}. <br> | ||
Latest revision as of 11:23, 5 March 2021
3(b) Return Amount (IM). Subject to Paragraphs 4 and 5, upon the Chargor’s demand following a Calculation Date (IM), if a Secured Party’s Return Amount (IM) is at least equal to its Minimum Transfer Amount (IM), it must instruct the Custodian (IM) to transfer Posted Credit Support (IM) to the Chargor per the Chargor’ demand having a Value equal to the (rounded) Return Amount (IM). The “Return Amount (IM)” for any Calculation Date (IM) will equal the amount by which:
- (i) the prevailing Value of all Posted Credit Support (IM) the Secured Party holds (treating pending but unsettled Delivery Amount (IM)s and Return Amount (IM)s as not having been made)
- exceeds
- (ii) the Chargor’s Credit Support Amount (IM).