Credit Support Balance - CSA Provision: Difference between revisions

Credit Support Balance - CSA Provision (view source)

1,033 bytes removed , 29 July 2019

Replaced content with "{{csaanat|Credit Support Balance|1995}} {{credit support balance commentary}} {{Ineligiblecreditsupport}}"

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-{{fullanat2|csa|Credit Support Balance|1995|Credit Support Balance (VM)|2016}}
+{{csaanat|Credit Support Balance|1995}}
-===Commentary===
+{{credit support balance commentary}}
-An important part of the recipe when cooking up a {{csaprov|Delivery Amount}} or {{csaprov|Return Amount}}.
-Note that {{csaprov|Interest Amount}}s and {{csaprov|Distributions}}, so long as (i) they are held by the {{csaprov|Transferee}} and not returned to the {{csaprov|Transferor}} and (ii) they themselves are {{csaprov|Eligible Credit Support}}, count towards the {{csaprov|Credit Support Balance}}. Needless to say, if they are not themselves {{csaprov|Eligible Credit Support}} (they will often be in the form of cash, so often(but not necessarily) will be), they aren't counted (but represent an amount due by {{csaprov|Transferee}} to {{csaprov|Transferor}} which would amount to {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{csaprov|Transferor}} would be an unsecured creditor.
-Note, per the definition of {{csaprov|Value}}, “items that are comprised in a {{csaprov|Credit Support Balance}} and are not {{csaprov|Eligible Credit Support}}” are valued at zero.
 {{Ineligiblecreditsupport}}