Valuation Date Location - VM CSA Provision
2016 VM CSA Anatomy™
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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.