Credit Support Balance - CSA Provision

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{{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 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 Transferee to Transferor which would amount to Unpaid Amounts on an Event of Default etc, and for which Transferor would be an unsecured creditor.

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