Template:ISDA English Law Credit Support Annex 1995 Interest Amount: Difference between revisions

Template:ISDA English Law Credit Support Annex 1995 Interest Amount (view source)

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-"'''{{csaprov|Interest Amount}}'''” means, with respect to an {{csaprov|Interest Period}}, the aggregate sum of the {{csaprov|Base Currency Equivalent}}s of the amounts of interest determined for each relevant currency and calculated for each day in that {{csaprov|Interest Period}} on the principal amount of the portion of the {{csaprov|Credit Support Balance}} comprised of cash in such currency, determined by the {{csaprov|Valuation Agent}} for each such day as follows:<br>
+“'''{{csaprov|Interest Amount}}'''” means, with respect to an {{csaprov|Interest Period}}, the aggregate sum of the {{csaprov|Base Currency Equivalent}}s of the amounts of interest determined for each relevant currency and calculated for each day in that {{csaprov|Interest Period}} on the principal amount of the portion of the {{csaprov|Credit Support Balance}} comprised of cash in such currency, determined by the {{csaprov|Valuation Agent}} for each such day as follows:<br>
 :(x) the amount of cash in such currency on that day; multiplied by <br>
 :(y) the relevant Interest Rate in effect for that day; divided by <br>
 :(z) 360 (or, in the case of pounds sterling, 365). <br>