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In a Nutshell™ Section Credit Support Amount:
“Credit Support Amount (VM/IA)” for a Transferor on a Valuation Date means:
Max[0, Transferee’s Exposure + Transferor’s Independent Amounts - Transferee’s Independent Amounts]
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2016 VM CSA full text of Section Credit Support Amount:
“Credit Support Amount (VM/IA)” means with respect to a Transferor on a Valuation Date:
- (I) the Transferee’s Exposure plus
- (II) all Independent Amounts applicable to the Transferor, if any, minus
- (III) all Independent Amounts applicable to the Transferee, if any,
provided however, that the Credit Support Amount (VM/IA) will be deemed to be zero whenever the calculation of Credit Support Amount (VM/IA) yields a number less than zero.
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Related Agreements
Click here for the text of Section Credit Support Amount in the 1995 English Law CSA
Click here for the text of Section Credit Support Amount 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 Credit Support Amount
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