Template:Nutshell 2016 CSA 11(g)
11(g) Distributions and Interest Amount (VM)
- (i) Interest Rate (VM). The “Interest Rate (VM)” for each Eligible Currency will be [SPECIFY].
- (ii) Transfer of Interest Payment (VM) or application of Interest Amount (VM).
- Interest Transfer: [Applies/does not apply].
- Interest Payment Netting: [Applies/does not apply].
- Interest Adjustment: [Applies/does not apply].
- For the purposes of Paragraph 5(c)(ii)(B), the Credit Support Balance (VM) will be adjusted by the Transferee by the third Local Business Day of the following calendar month.
- Interest Transfer: [Applies/does not apply].
- (iii) Other Interest Elections.
- Negative Interest: [Applies/does not apply].
- Daily Interest Compounding: [Applies/does not apply].
- Negative Interest: [Applies/does not apply].
- (iv) Alternative to Interest Amount (VM). The provisions of Paragraph 5(c)(ii) will apply.