Valuation Date Location - VM CSA Provision

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2016 VM CSA Anatomy™


In a Nutshell Section Valuation Date Location:

Valuation Date Location” is specified for each Party in Paragraph 11(d)(ii).
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2016 VM CSA full text of Section Valuation Date Location:

Valuation Date Location” has the meaning specified in Paragraph 11(d)(ii).
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Related Agreements
Click here for the text of Section Valuation Date Location in the 1995 English Law CSA
Click here for the text of Section Valuation Date Location 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 Valuation Date Location
{{nycsadiff {{{3}}}}}

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The place where each Party is located, in essence. You exchange variation margin on every day on which both parties are in the office, so each must specify its own Valuation Date Location to work out, officially, when that is, and whether on a given day it can expect to receive, or have to pony up, variation margin. A simple concept made paralysingly convoluted by ISDA’s yen to over-determination.