Template:Nutshell 2016 CSA Value: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "The “'''{{vmcsaprov|Value}}'''” (bearing in mind dispute provisions of Paragraph {{vmcsaprov|4}}) of {{vmcsaprov|Eligible Credit Support}} on any {{vmcsaprov|Valuation Dat..." |
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The “'''{{vmcsaprov|Value}}'''” | The “'''{{vmcsaprov|Value}}'''” of {{vmcsaprov|Eligible Credit Support}} on any {{vmcsaprov|Valuation Date}} is its {{vmcsaprov|Base Currency Equivalent}}, if [[cash]], and, if [[securities]], the {{vmcsaprov|Base Currency Equivalent}} of the [[bid price]] the {{vmcsaprov|Valuation Agent}} obtains, in each case multiplied by (''{{vmcsaprov|Valuation Percentage}} – {{vmcsaprov|FX Haircut Percentage}}'') (unless there has been a {{vmcsaprov|Default}}, in which case it will be just the {{vmcsaprov|Base Currency Equivalent}} of the amount in question). The {{vmcsaprov|Value}} of [[cash]] and [[securities]] in a {{vmcsaprov|Credit Support Balance}} that are ''not'' {{vmcsaprov|Eligible Credit Support}} at any time will be zero (also unless there has been a {{vmcsaprov|Default}}, in which case their {{vmcsaprov|Value}} will be determined as if they were {{vmcsaprov|Eligible Credit Support (VM)}}).<br> | ||
Latest revision as of 11:13, 12 May 2021
The “Value” 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 (Valuation Percentage – FX Haircut Percentage) (unless there has been a Default, in which case it will be just the Base Currency Equivalent of the amount in question). The Value of cash and securities in a Credit Support Balance that are not Eligible Credit Support at any time will be zero (also unless there has been a Default, in which case their Value will be determined as if they were Eligible Credit Support (VM)).