Template:Nutshell 1995 CSA Value: Difference between revisions
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The “'''{{csaprov|Value}}'''” (bearing in mind dispute provisions of Paragraph {{csaprov|4}}) of {{csaprov|Eligible Credit Support}} on any {{csaprov|Valuation Date}} is its {{csaprov|Base Currency Equivalent}}, if [[cash]], and, if [[securities]], the {{csaprov|Base Currency Equivalent}} of the [[bid price]] the {{csaprov|Valuation Agent}} obtains, in each case multiplied by the relevant {{csaprov|Valuation Percentage}}. The {{csaprov|Value}} of [[cash]] and [[securities]] in a {{csaprov|Credit Support Balance}} that are ''not'' {{csaprov|Eligible Credit Support}} will be zero.<br> | The “'''{{csaprov|Value}}'''” (bearing in mind dispute provisions of Paragraph {{csaprov|4}}) of {{csaprov|Eligible Credit Support}} on any {{csaprov|Valuation Date}} is its {{csaprov|Base Currency Equivalent}}, if [[cash]], and, if [[securities]], the {{csaprov|Base Currency Equivalent}} of the [[bid price]] the {{csaprov|Valuation Agent}} obtains, in each case multiplied by the relevant {{csaprov|Valuation Percentage}}. The {{csaprov|Value}} of [[cash]] and [[securities]] in a {{csaprov|Credit Support Balance}} that are ''not'' {{csaprov|Eligible Credit Support}} at any time will be zero.<br> | ||
Latest revision as of 10:47, 12 May 2021
The “Value” (bearing in mind dispute provisions of Paragraph 4) of Eligible Credit Support on any Valuation Date is its Base Currency Equivalent, if cash, and, if securities, the Base Currency Equivalent of the bid price the Valuation Agent obtains, in each case multiplied by the relevant Valuation Percentage. The Value of cash and securities in a Credit Support Balance that are not Eligible Credit Support at any time will be zero.