Exposure - NY CSA Provision

1994 ISDA Credit Support Annex (New York law)
A Jolly Contrarian owner’s manual™

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Resources Wikitext \| Nutshell wikitext Navigation 1 (Interpretation) \| 2 (Security Interest) \| 3 (Credit Support Obligations) \| 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) \| 5 (Dispute Resolution) \| 6 (Holding and Using Posted Collateral (VM)) \| 7 (Events of Default) \| 8 (Certain Rights and Remedies) \| 9 (Representations) \| 10 (Expenses) \| 11 (Miscellaneous) \| 12 (Definitions) \| 13 (Elections and Variables Index: Click ᐅ to expand: 1994 NY CSA CSA

Paragraph Exposure in a Nutshell™

Use at your own risk, campers!

Template:Nutshell 1994 NY CSA Exposure view template

Full text of Paragraph Exposure

“Exposure” means for any Valuation Date or other date for which Exposure is calculated and subject to Paragraph 5 in the case of a dispute, the amount, if any, that would be payable to a party that is the Secured Party by the other party (expressed as a positive number) or by a party that is the Secured Party to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(2)(A) of this Agreement as if all Transactions (or Swap Transactions) were being terminated as of the relevant Valuation Time; provided that Market Quotation will be determined by the Valuation Agent using its estimates at mid-market of the amounts that would be paid for Replacement Transactions (as that term is defined in the definition of “Market Quotation”). view template

Related agreements and comparisons

Related Agreements Click here* for the text of Section Exposure in the 2016 New York law CSA* Click here* for the text of Section Exposure in the 1995 English Law CSA* Click here* for the text of Section Exposure in the 2016 English Law VM CSA* Comparisons Template:Oldcsadiff Exposure Template:2nycsadiff Exposure 2016 VM CSA and 2016 NY Law VM CSA: click for comparison 1995 CSA and 2016 VM CSA: click for comparison