Template:ISDA English Law Credit Support Deed 2018 4(d): Difference between revisions
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{{ | {{imcsdprov|4(d)}} '''{{imcsdprov|Calculations}}'''. All calculations of {{imcsdprov|Value}} and {{imcsdprov|Credit Support Amount (IM)}} for purposes of Paragraph {{imcsdprov|3}} in respect of a {{imcsdprov|Calculation Date (IM)}} will be made by the {{imcsdprov|Calculation Agent (IM)}} as of the {{imcsdprov|Calculation Time (IM)}} on such {{imcsdprov|Calculation Date (IM)}}. In the case of any calculation of {{imcsdprov|Value}}, the {{imcsdprov|Calculation Agent (IM)}} may use {{imcsdprov|Value}}s most recently reasonably available for close of business in the relevant market for the relevant {{imcsdprov|Eligible Credit Support (IM)}} as of the relevant {{imcsdprov|Calculation Time (IM)}}. In the case of any calculation of {{imcsdprov|Credit Support Amount (IM)}}, the {{imcsdprov|Calculation Agent (IM)}} may use relevant information or data (including, but not limited to, inputs for any applicable model specified in Paragraph {{imcsdprov|13}} to determine {{imcsdprov|Margin Amount (IM)}} for certain {{imcsdprov|Covered Transactions (IM)}}) most recently reasonably available for close of business in the relevant market(s) as of the {{imcsdprov|Calculation Time (IM)}}. The {{imcsdprov|Calculation Agent (IM)}} will notify each party (or the other party, if the {{imcsdprov|Calculation Agent (IM)}} is a party) of its calculations not later than the {{imcsdprov|Notification Time}} on the {{imcsdprov|Local Business Day}} following the applicable {{imcsdprov|Calculation Date (IM)}}. <br> | ||
Latest revision as of 15:56, 20 April 2021
4(d) Calculations. All calculations of Value and Credit Support Amount (IM) for purposes of Paragraph 3 in respect of a Calculation Date (IM) will be made by the Calculation Agent (IM) as of the Calculation Time (IM) on such Calculation Date (IM). In the case of any calculation of Value, the Calculation Agent (IM) may use Values most recently reasonably available for close of business in the relevant market for the relevant Eligible Credit Support (IM) as of the relevant Calculation Time (IM). In the case of any calculation of Credit Support Amount (IM), the Calculation Agent (IM) may use relevant information or data (including, but not limited to, inputs for any applicable model specified in Paragraph 13 to determine Margin Amount (IM) for certain Covered Transactions (IM)) most recently reasonably available for close of business in the relevant market(s) as of the Calculation Time (IM). The Calculation Agent (IM) will notify each party (or the other party, if the Calculation Agent (IM) is a party) of its calculations not later than the Notification Time on the Local Business Day following the applicable Calculation Date (IM).