FX Haircut Percentage - CSA Provision: Difference between revisions
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Amwelladmin (talk | contribs) (Replaced content with "{{csaanat|11(c)(v)(B)|2016|13(c)(v)}}{{csa fx haircut percentage}}") Tag: Replaced |
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{{csaanat|11(c)(v)(B)|2016|13(c)(v)}} | {{csaanat|11(c)(v)(B)|2016|13(c)(v)}}{{csa fx haircut percentage}} | ||
Revision as of 19:33, 18 January 2020
A provision that assuredly goes into the I’m sorry I asked category. Relevant to the calculation of {{{{{1}}}prov|Value}} of a gentleman’s {{{{{1}}}prov|Credit Support Balance}}. An observation one might make here is that if you have a cash-only CSA and as long as you only accept the {{{{{1}}}prov|Major Currencies}}, then this entire Rube Goldberg provision is unnecessary: The {{{{{1}}}prov|Valuation Percentage}} will (most likely) be 100%, the {{{{{1}}}prov|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
- n * 100%, or
- n.
Sigh.