Exposure - NY CSA Provision

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In a Nutshell Section Exposure:

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1994 New York law CSA full text of Section Exposure:

Exposure” means for any Valuation Date or other date for which Exposure is calculated and subject to Paragraph 5 in the case of a dispute, the amount, if any, that would be payable to a party that is the Secured Party by the other party (expressed as a positive number) or by a party that is the Secured Party to the other party (expressed as a negative number) pursuant to Section 6(e)(ii)(2)(A) of this Agreement as if all Transactions (or Swap Transactions) were being terminated as of the relevant Valuation Time; provided that Market Quotation will be determined by the Valuation Agent using its estimates at mid-market of the amounts that would be paid for Replacement Transactions (as that term is defined in the definition of “Market Quotation”).
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Related Agreements
Click here for the text of Section Exposure in the 2016 New York law CSA
Click here for the text of Section Exposure in the 1995 English Law CSA
Click here for the text of Section Exposure in the 2016 English Law VM CSA
Comparisons
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2016 VM CSA and 2016 NY Law VM CSA: click for comparison
1995 CSA and 2016 VM CSA: click for comparison


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Differences between CSA versions

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