Template:Nutshell 1995 CSA 2(b): Difference between revisions
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Latest revision as of 14:51, 22 February 2023
2(b) Return Amount. If the Transferor demands a Return Amount at least equalling the Transferee’s Minimum Transfer Amount on a Valuation Date, the Transferee must transfer the specified Equivalent Credit Support with a Value of the Return Amount (rounded under Paragraph 11(b)(iii)(D)) to the Transferee and the Credit Support Balance will be proportionately reduced. The “Return Amount” is the amount by which
- (i) the Value of the Transferor’s Credit Support Balance (adjusted for pending but unsettled transfers) exceeds:
- (ii) the Credit Support Amount.