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In a Nutshell™ Section 5(c)(i):
- 5(c)(i) Distributions. To the extent it would not create a Delivery Amount (VM), the Transferee will transfer Equivalent Distributions (VM) to the Transferor by the Settlement Day following each Distributions Date as calculated by the Valuation Agent. Such a calculation date will be treateds as a Valuation Date.
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2016 VM CSA full text of Section 5(c)(i):
- 5(c)(i) Distributions. The Transferee will transfer to the Transferor not later than the Settlement Day following each Distributions Date cash, securities or other property of the same type, nominal value, description and amount as the relevant Distributions (“Equivalent Distributions”) to the extent that a Delivery Amount (VM) would not be created or increased by the transfer, as calculated by the Valuation Agent (and the date of calculation will be deemed a Valuation Date for this purpose).
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Related Agreements
Click here for the text of Section 5(c)(i) in the 1995 English Law CSA
Click here for the text of Section 5(c)(i) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
1995 CSA and 2016 VM CSA: click for comparison
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