Credit Support Amount (VM/IA) - VM CSA Provision

2016 VM CSA Anatomy™ →Go uptown In a Nutshell™ Section Credit Support Amount: “Credit Support Amount (VM/IA)” for a Transferor on a Valuation Date means: Max[0, Transferee’s Exposure + Transferor’s Independent Amounts - Transferee’s Independent Amounts] view template 2016 VM CSA full text of Section Credit Support Amount: “Credit Support Amount (VM/IA)” means with respect to a Transferor on a Valuation Date: (I) the Transferee’s Exposure plus (II) all Independent Amounts applicable to the Transferor, if any, minus (III) all Independent Amounts applicable to the Transferee, if any, provided however, that the Credit Support Amount (VM/IA) will be deemed to be zero whenever the calculation of Credit Support Amount (VM/IA) yields a number less than zero. view template Related Agreements Click here for the text of Section Credit Support Amount in the 1995 English Law CSA Click here for the text of Section Credit Support Amount 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 Credit Support Amount {{nycsadiff {{{3}}}}} Resources Full wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables) Index: Click ᐅ to expand: 2016 VM CSA 2018 CSD 1995 CSA Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Whoops! There is no such term in the 2016 VM CSA. This provision was in the 1995 CSA but it didn’t make the cut. BUT the concept has been introduced via the back door in the paragraph 11 elections, if you are using the elegantly entitled 2014 Credit Support Annex for Variation Margin (VM) and Independent Amounts (IA), where it is defined as a Credit Support Amount (VM/IA) as is set out on the right.

Note: Still no room for the poor, unloved Threshold.

See also

• Credit Support Amount (1995 CSA)