In a Nutshell™ Section Interest Payer (VM): “Interest Payer (VM)” means the Transferee, unless “Negative Interest” applies in Paragraph 11(g)(iii) and there is a negative Interest Payment (VM) payable, in which case it will be the Transferor. view template 2016 VM CSA full text of Section Interest Payer (VM): “Interest Payer (VM)” means the Transferee, provided that if “Negative Interest” is specified as applicable in Paragraph 11(g)(iii) and an Interest Payment (VM) is determined in respect of a negative Interest Amount (VM), the Interest Payer (VM) in respect of such Interest Payment (VM) will be the Transferor. view template Related Agreements Click here for the text of Section Interest Payer (VM) in the 1995 English Law CSA Click here for the text of Section Interest Payer (VM) in the 2016 English Law VM CSA Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA Comparisons Template:Csadiff Interest Payer (VM) {{nycsadiff {{{3}}}}}