Default Interest - CSA Provision

1995 ISDA Credit Support Annex (English Law)
A Jolly Contrarian owner’s manual™

Resources and navigation

Resources Full wikitext \| Nutshell wikitext Navigation 1 (Interpretation) \| 2 (Credit Support Obligations) \| 3 (Transfers, Calculations and Exchanges) \| 4 (Dispute Resolution) \| 5 (Title Transfer etc) \| 6 (Default) \| 7 (Representation) \| 8 (Expenses) \| 9 (Miscellaneous) \| 10 (Definitions) \| 11 (Elections and Variables) Index — Click the ᐅ to expand: 1995 CSA

Paragraph 9(a) in a Nutshell™

Use at your own risk, campers!

Template:Nutshell 1995 CSA 9(a) view template

Full text of Paragraph 9(a)

9(a) Default Interest. Other than in the case of an amount which is the subject of a dispute under Paragraph 4(a), if a Transferee fails to make, when due, any transfer of Equivalent Credit Support, Equivalent Distributions or the Interest Amount, it will be obliged to pay the Transferor (to the extent permitted under applicable law) an amount equal to interest at the Default Rate multiplied by the Value on the relevant Valuation Date of the items of property that were required to be transferred, from (and including) the date that the Equivalent Credit Support, Equivalent Distributions or Interest Amount were required to be transferred to (but excluding) the date of transfer of the Equivalent Credit Support, Equivalent Distributions or Interest Amount. This interest will be calculated on the basis of daily compounding and the actual number of days elapsed. view template

Related agreements and comparisons

Related Agreements Click here* for the text of Section 9(a) in the 2016 English Law VM CSA* Click here* for the text of Section 9(a) in the 1994 New York law CSA* Click here* for the text of Section 9(a) in the 2016 New York law CSA* Comparisons Template:Csadiff 9(a) Template:Oldcsadiff 9(a) Template:Nycsadiff 9(a) Template:2nycsadiff 9(a)