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| {{csaanat|Value|1995|Value}} | | {{Manual|MCAE|1995|Value|Paragraph|Value|medium}} |
| ===2016 changes===
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| Basically to add in the {{csaprov|FX Haircut Percentage}} into the multiplier, that being (in some jurisdictions) a fairly hefty surcharge for those people who like to collateralize in a currency other than the one in which their derivatives are denominated.
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| ===="{{csaprov|Base Currency Equivalent}} of [[bid price]]"====
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| It is not unknown to amend limb (ii) to include "the {{csaprov|Base Currency Equivalent}} of the bid price obtained by the {{csaprov|Valuation Agent}} ''multiplied by the nominal amount of such security''".
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| This is presumably to cater for the pedantic argument — just the sort of argument that a diligent [[legal eagle]] with nothing better to do loves to run — that a “[[bid price]]” could be a percentage figure of a nominal amount, instead of a cash value, and this might upset the calculation. I mean, really.
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| But even if a “price” isn’t necessarily a cash amount — to be sure, trading folk do talk that way sometimes, even if most sensible working folk don’t — the idea of the “{{csaprov|Base Currency Equivalent}}” of that price certainly turns it into one. You can’t exactly have “USD 86%”, can you? And if the {{csaprov|Eligible Credit Support}} includes [[collateral]] other than [[cash]] or [[Debt security|debt instrument]]s (e.g., [[equities]]), reference to a nominal amount multiplier is potentially confusing.
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| {{ineligiblecreditsupport}}
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1995 ISDA Credit Support Annex (English Law)
A Jolly Contrarian owner’s manual™
Resources and navigation
Paragraph Value in a Nutshell™
Use at your own risk, campers!
Full text of Paragraph Value
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Content and comparisons
Summary
General discussion
See also
Template:M sa 1995 CSA Value
References