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