Transfer Amount - NY CSA Provision
ISDA 1994 New York Law Credit Support Annex
A Jolly Contrarian owner’s manual™ Transfer Amount in a Nutshell™
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Comparisons
Well it is not canonical ISDA, so we use the same expression in each of the CSA editions. But to be clear, this is a JC neologism.
Basics
A term the JC made up to substitute for “the Delivery Amount and/or Return Amount, with or without (VM) or (IM), as the case may for the time being be”.
Don’t thank the JC: thank ISDA’s crack drafting squad™ for giving the JC the opportunity to come up with such a wonderful affordance, to make the world a better place. As with so much on this wiki, it would not have been possible without those wily old torturers on hand to crucify the innocent, peace-loving and ordinarily elegant English language, allowing old Don Quixote here to come tilting in to on his charger to sort these old windbags[1] out.
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See also
References
- ↑ Windmills, surely? — Ed.