Template:Nutshell 2016 CSA 2(b)

2(b) Return Amount (VM). When the Transferor demands a Return Amount (VM) for a Valuation Date at least equal to the Transferee’s Minimum Transfer Amount, the Transferee must transfer to the Transferee the Equivalent Credit Support (VM) it specified with a Value of the Return Amount (VM) (rounded as per Paragraph 11(c)(vi)(B)) and the Credit Support Balance (VM) will be proportionately reduced.

A Transferee’s “Return Amount (VM)” on any Valuation Date will be the amount by which:

(i) the Value of the Transferor’s Credit Support Balance (VM) (adjusted to treat any scheduled but as yet uncompleted transfers as not having been made)

exceeds

(ii) the Transferee’s Exposure.