Credit Support Balance - CSA Provision: Difference between revisions
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{{csasnap|Credit Support Balance}} | {{csasnap|Credit Support Balance}} | ||
===Commentary=== | ===Commentary=== | ||
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 aren't counted (but represent an amount due by {{csaprov|Transferee}} to {{csaprov|Transferor}} | 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 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. | ||
{{csaanatomy}} | {{csaanatomy}} | ||
Revision as of 14:43, 26 October 2012
{{ISDA English Law Credit Support Annex {{{2}}} Credit Support Balance}}
([[Template:ISDA English Law Credit Support Annex {{{2}}} Credit Support Balance|View Template]])
Commentary
Note that Interest Amounts and Distributions, so long as (i) they are held by the Transferee and not returned to the Transferor and (ii) they themselves are Eligible Credit Support, count towards the Credit Support Balance. Needless to say, if they are not themselves Eligible Credit Support, they aren't counted (but represent an amount due by Transferee to Transferor which would amount to Unpaid Amounts on an Event of Default etc, and for which Transferor would be an unsecured creditor.
Replace with {{anat|csa}}