Template:ISDA English Law Credit Support Annex 1995 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.