Rounding - CSA Provision

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CSA Anatomy


In a Nutshell Section 11(b)(iii)(D):

Template:Nutshell 1995 CSA 11(b)(iii)(D) view template

1995 ISDA CSA full text of Section 11(b)(iii)(D):

11(b)(iii)(D) Rounding. The Delivery Amount and the Return Amount will be rounded [down to the nearest integral multiple of ..../up and down to the nearest integral multiple of ...., respectively].
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Related Agreements
Click here for the text of Section 11(b)(iii)(D) in the 1995 English Law CSA
Click here for the text of Section 11(b)(iii)(D) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff 11(b)(iii)(D)
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Resources Full wikitext | Nutshell wikitext
Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables)

Index — Click ᐅ to expand:

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Once in a while, you happen across a term in the ISDA suite about which it is hard to get awfully excited. Rounding is one of them. It does what it says on the tin — without beating around the bush about it, which I suppose is something.