Distributions and Interest Amount - CSA Provision

ISDA 1995 English Law Credit Support Annex Go Premium In a Nutshell™ Section 5(c): 5(c) Distributions and Interest Amount 5(c)(i) Distributions. To the extent it would not create a Delivery Amount, the Transferee will transfer Equivalent Distributions 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. 5(c)(ii) Interest Amount. To the extent it would not create a Delivery Amount the Transferee will transfer Interest Amounts to the Transferor as required by Paragraph 11(f)(ii) as calculated by the Valuation Agent. The calculation date will be treated as a Valuation Date. view template 1995 CSA full text of Section 5(c): 5(c) Distributions and Interest Amount. 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 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). 5(c)(ii) Interest Amount. Unless otherwise specified in Paragraph 11(f)(iii), the Transferee will transfer to the Transferor at the times specified in Paragraph 11(f)(ii) the relevant Interest Amount to the extent that a Delivery Amount 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). view template Related Agreements Click here for the text of Section 5(c) in the 1995 English Law CSA Click here for the text of Section 5(c) 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 {{nycsadiff {{{3}}}}} 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 ᐅ to expand: 1995 CSA Comments? Questions? Suggestions? Requests? Insults? We’d love to 📧 hear from you. Sign up for our newsletter.

From the I’m sorry I asked file. It used to be so simple, until the 2016 VM CSA came along and started confusing everything with all this talk of Interest Adjustments versus Interest Payments.

Note that the Distributions provision of Paragraph 5(c)(i) of the 1995 CSA is self-contained and does not require any adjustment in Paragraph 11, and the reference to "Distributions" in the heading of Paragraph 11(f) simply reflects the heading of Paragraph 5(c), and does not imply you need to add anything.