Transferee - VM CSA Provision

2016 VM CSA Anatomy™ →Go uptown In a Nutshell™ Section Transferee: “Transferee” means, on a Valuation Date, the party whose Exposure is positive and, who owes a Credit Support Balance (VM) to the other party. view template 2016 VM CSA full text of Section Transferee: “Transferee” means, in relation to each Valuation Date, the party in respect of which Exposure is a positive number and, in relation to a Credit Support Balance (VM), the party which, subject to this Annex, owes such Credit Support Balance (VM) or, as the case may be, the Value of such Credit Support Balance (VM) to the other party. view template Related Agreements Click here for the text of Section Transferee in the 1995 English Law CSA Click here for the text of Section Transferee 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 Transferee {{nycsadiff {{{3}}}}} Resources Full wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables) Index: Click ᐅ to expand: 2016 VM CSA 2018 CSD 1995 CSA Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

The one receiving Eligible Credit Support on any Valuation Date, basically ... which most people with a reading age above seven would deduce from the word “transferee”. But for nervous types, and we know there are one or two, among the legions of negotiators in the world — for the next twenty minutes, indulge yourselves. But at least that twenty minutes would yield something. The ISDA definition of Transferor, by contrast, is an utter bust.

See also

• Transferor