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Template:ISDA English Law Credit Support Annex 2016 4(a): Difference between revisions
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Template:ISDA English Law Credit Support Annex 2016 4(a) (view source)
Revision as of 11:24, 8 December 2016
, 8 December 2016no edit summary
Amwelladmin (talk | contribs) (Created page with "Paragraph {{csaprov|4}}. '''{{csaprov|Dispute Resolution}}'''<br> :{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a party (a “{{csaprov|Disputing...") |
Amwelladmin (talk | contribs) No edit summary |
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{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a party (a “{{csaprov|Disputing Party}}”) reasonably disputes (I) the {{csaprov|Valuation Agent}}’s calculation of a {{csaprov|Delivery Amount (VM)}} or a {{csaprov|Return Amount (VM)}} or (II) the {{csaprov|Value}} of any transfer of {{csaprov|Eligible Credit Support (VM)}} or {{csaprov|Equivalent Credit Support (VM)}}, then: | |||
:(1) the {{csaprov|Disputing Party}} will notify the other party and the {{csaprov|Valuation Agent}} (if the {{csaprov|Valuation Agent}} is not the other party) not later than the close of business on the date that the transfer is due in respect of such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} in the case of (I) above, or, in the case of (II) above, the {{csaprov|Local Business Day}} following the date of transfer; | :(1) the {{csaprov|Disputing Party}} will notify the other party and the {{csaprov|Valuation Agent}} (if the {{csaprov|Valuation Agent}} is not the other party) not later than the close of business on the date that the transfer is due in respect of such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} in the case of (I) above, or, in the case of (II) above, the {{csaprov|Local Business Day}} following the date of transfer; | ||
:(2) in the case of (I) above, the appropriate party will transfer the undisputed amount to the other party not later than the close of business on the date that the transfer is due in respect of such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}}; | :(2) in the case of (I) above, the appropriate party will transfer the undisputed amount to the other party not later than the close of business on the date that the transfer is due in respect of such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}}; | ||