Exchange Date - CSA Provision

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

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Paragraph 3(c)(ii) in a Nutshell

Use at your own risk, campers!

Full text of Paragraph 3(c)(ii)

3(c)(ii) If the Transferee notifies the Transferor that it has consented to the proposed exchange, (A) the Transferor will be obliged to transfer the New Credit Support to the Transferee on the firstSettlement Day following the date on which it receives notice (which may be oral telephonic notice) from the Transferee of its consent and (B) the Transferee will be obliged to transfer to the Transferor Equivalent Credit Support in respect of the Original Credit Support not later than the Settlement Day following the date on which the Transferee receives the New Credit Support, unless otherwise specified in Paragraph 11(d) (the “Exchange Date”); provided that the Transferee will only be obliged to transfer Equivalent Credit Support with a Value as of the date of transfer as close as practicable to, but in any event not more than, the Value of the New Credit Support as of that date.

Related agreements and comparisons

Related Agreements
Click here for the text of Section 3(c)(ii) in the 2016 English Law VM CSA
Click here for the text of Section NA in the 1994 New York law CSA
Click here for the text of Section NA in the 2016 New York law CSA
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Template:Oldcsadiff 3(c)(ii)
Template:Nycsadiff NA
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Content and comparisons

Template:M comp disc 1995 CSA 3(c)(ii)



Template:M summ 1995 CSA 3(c)(ii)


See also

Template:M sa 1995 CSA 3(c)(ii)