FX Haircut Percentage - CSA Provision: Difference between revisions

FX Haircut Percentage - CSA Provision (view source)

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 <small>[[Template:ISDA English Law Credit Support Annex 2016 11(c)(v)|view template]]</small><br>
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-An observation one might make here is that if you have a cash-only {{csa}} and as long as you only accept the Major Currencies, then this entire Rube Goldberg provision is unnecessary: The Valuation Percentage will (most likely) be 100%, the FX Haircut Percentage will be zero, so the definition of value that these definitions feed into amounts to the following:
+An observation one might make here is that if you have a cash-only CSA and as long as you only accept the {{csaprov|Major Currencies}}, then this entire Rube Goldberg provision is unnecessary: The Valuation Percentage will (most likely) be 100%, the FX Haircut Percentage will be zero, so the definition of value that these definitions feed into amounts to the following:
 :The amount (call it ''n'') ''multiplied by'' the sum of 100% ''minus'' zero%, ''or''
 :''n'' * (100% - 0%), ''or''