Return Amount - VM CSA Provision
2016 ISDA Credit Support Annex (VM) (English law)
Paragraph 2(b) in a Nutshell™ Use at your own risk, campers!
Full text of Paragraph 2(b)
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Content and comparisons
The only differences here are the liberal, but all the same redundant, spraying of “(VM)” all over the shop in the 2016, a single reference to the Regular Settlement Day in place of non-Regular — that is to say, regular — Settlement Day (which goes pretty much without saying anyway, per our nutshell version) and the fact that the balance is deducted from the Credit Support Balance in the 1995, but the Transferee’s Exposure in the 2016 (there not being a concept of a Credit Support Amount in the 2016), for reasons which are explored more fully below).
Summary
See also
Exposure under the CSA