Negative Interest - CSA Provision: Difference between revisions
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{{fullanat2| | {{fullanat2|csa|Interest Amount (VM)|2016|Interest Payer (VM)|2016}} | ||
The {{1995csa}} being a product of those happier, more innocent times where it seemed frankly comical that interest rates would go negative, it doesn’t deal awfully well with what one does if they do. the {{2016csa}} marginally updates it, but really just to tweak the {{csaprov|Interest Amount (VM)}} and {{csaprov|Interest Payer (VM)}} and {{csaprov|Interest Payment (VM)}} definitions to factor in payments going the wrong way, as it were. | The {{1995csa}} being a product of those happier, more innocent times where it seemed frankly comical that interest rates would go negative, it doesn’t deal awfully well with what one does if they do. the {{2016csa}} marginally updates it, but really just to tweak the {{csaprov|Interest Amount (VM)}} and {{csaprov|Interest Payer (VM)}} and {{csaprov|Interest Payment (VM)}} definitions to factor in payments going the wrong way, as it were. |
Latest revision as of 15:54, 17 January 2017
CSA Anatomy™
provided that, unless “Negative Interest” is specified as applicable in Paragraph 11(g)(iii), if the Interest Amount (VM) for an Interest Period would be a negative amount, it will be deemed to be zero.
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The 1995 CSA being a product of those happier, more innocent times where it seemed frankly comical that interest rates would go negative, it doesn’t deal awfully well with what one does if they do. the 2016 VM CSA marginally updates it, but really just to tweak the Interest Amount (VM) and Interest Payer (VM) and Interest Payment (VM) definitions to factor in payments going the wrong way, as it were.