Other Interest Elections - VM CSA Provision

2016 VM CSA Anatomy™ →Go uptown In a Nutshell™ Section 11(g)(iii): Template:Nutshell 2016 CSA 11(g)(iii) view template 2016 VM CSA full text of Section 11(g)(iii): 11(g) Distributions and Interest Amount (VM) (i) Interest Rate (VM). The “Interest Rate (VM)” in relation to each Eligible Currency specified above 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 on or prior to the third Local Business Day of the following calendar month. (iii) Other Interest Elections. Negative Interest: [Applies/does not apply]. Daily Interest Compounding: [Applies/does not apply]. (iv) Alternative to Interest Amount (VM). The provisions of Paragraph 5(c)(ii) will apply. view template Related Agreements Click here for the text of Section 11(g)(iii) in the 1995 English Law CSA Click here for the text of Section 11(g)(iii) 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 11(g)(iii) {{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.

You can have all kinds of conceptual fun and games — all to no real practical end — if Negative Interest applies, because the Interest Payer VM in that case might be the Transferor or the Transferee, depending on the currency.