Template:Nutshell 2018 CSD 3(a)

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3(b) Return Amount (IM). Subject to Paragraphs 4 and 5, upon the Secured Party’s demand following a Calculation Date (IM), if a Chargor’s Delivery Amount (IM) is at least equal to its Minimum Transfer Amount (IM), it must transfer to the Custodian (IM) Eligible Credit Support (IM) having a Value equal to the (rounded) Delivery Amount (IM). The “Delivery Amount (IM)” for any Calculation Date (IM) will equal the amount by which:

(i) the Chargor’s Credit Support Amount (IM)

exceeds

(ii) the prevailing Value of all Posted Credit Support (IM) the Secured Party holds (treating pending but unsettled Delivery Amount (IM)s and Return Amount (IM)s as not having been made).

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