Template:Csa fx haircut percentage

A provision that assuredly goes into the I’m sorry I asked category. Relevant to the calculation of {{{{{1}}}prov|Value}} of a gentleman’s {{{{{1}}}prov|Credit Support Balance}}. An observation one might make here is that if you have a cash-only CSA and as long as you only accept the {{{{{1}}}prov|Major Currencies}}, then this entire Rube Goldberg provision is unnecessary: The {{{{{1}}}prov|Valuation Percentage}} will (most likely) be 100%, the {{{{{1}}}prov|FX Haircut Percentage}} will be zero, so the definition of value that these definitions feed into amounts to the following:

The amount (call it n) multiplied by the sum of 100% minus zero%, or

n * (100% - 0%), or

n * 100%, or

n.

Sigh.