Delivery Amount - CSA Provision: Difference between revisions

Delivery Amount - CSA Provision (view source)

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 *Second thing: work out your Credit Support Amount. This is the total of
 **The {{csaprov|Transferee}}’s {{csaprov|Exposure}}; PLUS
-**Transferor’s {{csaprov|Independent Amount}}s (IF ANY)<ref>In the {{2016csa}} there really shouldn't be {{IA}} as it kind of defeats the regulatory goal of marking actual exposures to market, but there may be, since ISDA caved and retrofitted the CSA with a; MINUS
+**Transferor’s {{csaprov|Independent Amount}}s (IF ANY)<ref>In the {{2016csa}} there really shouldn't be {{tag|IA}} as it kind of defeats the regulatory goal of marking actual exposures to market, but there may be, since ISDA caved and retrofitted the CSA with a an Independent Amount section</ref>; MINUS
-**The Transferee’s {{csaprov|Independent Amount}}s (IF ANY)
+**The Transferee’s {{csaprov|Independent Amount}}s (IF ANY)<ref>See above.</ref>
 (a) Delivery Amount. if the Delivery Amount for that Valuation Date equals or exceeds the Transferor’s Minimum Transfer Amount, then the Transferor will transfer to the Transferee Eligible Credit Support having a Value as of the date of transfer at least equal to the applicable Delivery Amount (rounded pursuant to Paragraph 11(b)(iii)(D)). Unless otherwise specified in Paragraph 11(b), the “Delivery Amount” applicable to the Transferor for any Valuation Date will equal the amount by which: