Nutshell 2016 CSA Credit Support Amount (VM/IA)
“Credit Support Amount (VM/IA)” for a Transferor on a Valuation Date means:
Max[0, Transferee’s Exposure + Transferor’s Independent Amounts - Transferee’s Independent Amounts]
“Credit Support Amount (VM/IA)” for a Transferor on a Valuation Date means:
Max[0, Transferee’s Exposure + Transferor’s Independent Amounts - Transferee’s Independent Amounts]