11(c)(iii) - CSA Provision

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ISDA 1995 English Law Credit Support Annex


In a Nutshell Section 11(c)(iii):

11(c)(iii)Valuation Time” means:
[ ] Close of business in the Valuation Agent’s location on the Valuation Date (or calculation date);
[ ] Close of business one Local Business Day before the Valuation Date (or calculation date);
Value and Exposure must be determined as close to the same time as is practicable.

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1995 CSA full text of Section 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.

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Related Agreements
Click here for the text of Section 11(c)(iii) in the 1995 English Law CSA
Click here for the text of Section 11(c)(iii) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff 11(c)(iii)
{{nycsadiff {{{3}}}}}

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