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Amwelladmin (talk | contribs) (Created page with "{{csaprov|2(a)}} '''{{csaprov|Delivery Amount (VM)}}'''. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferee}} on or promptly...") |
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{{csaprov|2(a)}} '''{{csaprov|Delivery Amount (VM)}}'''. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferee}} on or promptly following a {{csaprov|Valuation Date}}, if the {{csaprov|Delivery Amount (VM)}} for that {{csaprov|Valuation Date}} equals or exceeds the {{csaprov|Transferor}}’s {{csaprov|Minimum Transfer Amount}}, then the {{csaprov|Transferor}} will transfer to the {{csaprov|Transferee}} {{csaprov|Eligible Credit Support (VM)}} having a {{csaprov|Value}} as of the date of transfer at least equal to the applicable {{csaprov|Delivery Amount (VM)}} (rounded pursuant to Paragraph | {{csaprov|2(a)}} '''{{csaprov|Delivery Amount (VM)}}'''. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferee}} on or promptly following a {{csaprov|Valuation Date}}, if the {{csaprov|Delivery Amount (VM)}} for that {{csaprov|Valuation Date}} equals or exceeds the {{csaprov|Transferor}}’s {{csaprov|Minimum Transfer Amount}}, then the {{csaprov|Transferor}} will transfer to the {{csaprov|Transferee}} {{csaprov|Eligible Credit Support (VM)}} having a {{csaprov|Value}} as of the date of transfer at least equal to the applicable {{csaprov|Delivery Amount (VM)}} (rounded pursuant to Paragraph {{csaprov|11(c)(vi)(B)}}). Unless otherwise specified in Paragraph {{csaprov|11(c)}}, the “'''{{csaprov|Delivery Amount (VM)}}'''” applicable to the {{csaprov|Transferor}} for any {{csaprov|Valuation Date}} will equal the amount by which: | ||
:(i) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} <br /> | :(i) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} <br /> | ||
exceeds<br /> | :exceeds<br /> | ||
:(ii) the {{csaprov|Value}} as of that {{csaprov|Valuation Date}} of the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance (VM)}} (adjusted to include any prior {{csaprov|Delivery Amount (VM)}} and to exclude any prior {{csaprov|Return Amount (VM)}} , the transfer of which, in either case, has not yet been completed and for which the relevant {{csaprov|Regular Settlement Day}} falls on or after such {{csaprov|Valuation Date}}). | :(ii) the {{csaprov|Value}} as of that {{csaprov|Valuation Date}} of the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance (VM)}} (adjusted to include any prior {{csaprov|Delivery Amount (VM)}} and to exclude any prior {{csaprov|Return Amount (VM)}} , the transfer of which, in either case, has not yet been completed and for which the relevant {{csaprov|Regular Settlement Day}} falls on or after such {{csaprov|Valuation Date}}). |