Base Currency Equivalent - CSA Provision: Difference between revisions

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"'''{{csaprov|Base Currency Equivalent}}'''" means, with respect to an amount on a {{csaprov|Valuation Date}}, in the case of an <br>amount denominated in the {{csaprov|Base Currency}}, such {{csaprov|Base Currency}} amount and, in the case of an amount <br>denominated in a currency other than the {{csaprov|Base Currency}} (the “'''{{csaprov|Other Currency}}'''”), the amount of Base <br>Currency required to purchase such amount of the {{csaprov|Other Currency}} at the spot exchange rate determined by <br>the {{csaprov|Valuation Agent}} for value on such {{csaprov|Valuation Date}}.<br>
{{Manual|MCAE|1995|Base Currency Equivalent|Paragraph|Base Currency Equivalent|short}}