Talk:Valuation Time - VM CSA Provision

1995 (Para 11(c)(iii))

   11(c)(iii) “Valuation Time” means:

       [ ] the close of business in the place of location of the Valuation Agent on the
       Valuation Date or date of calculation, as applicable;
       [ ] the close of business on the Local Business Day immediately preceding the
       Valuation Date or date of calculation, as applicable;

   provided that the calculations of Value and Exposure will, as far as practicable, be made as of
   approximately the same time on the same date.