Template:Nutshell 2018 CSD 3(a)
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3(b) Return Amount (IM). Subject to Paragraphs 4 and 5, upon the Secured Party’s demand following a Calculation Date (IM), if a Chargor’s Delivery Amount (IM) is at least equal to its Minimum Transfer Amount (IM), it must transfer to the Custodian (IM) Eligible Credit Support (IM) having a Value equal to the (rounded) Delivery Amount (IM). The “Delivery Amount (IM)” for any Calculation Date (IM) will equal the amount by which:
- (i) the Chargor’s Credit Support Amount (IM)
- exceeds
- (ii) the prevailing Value of all Posted Credit Support (IM) the Secured Party holds (treating pending but unsettled Delivery Amount (IM)s and Return Amount (IM)s as not having been made).