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Amwelladmin (talk | contribs) (Created page with "::{{vmcsaprov|5(c)(ii)(B)}} if “'''{{vmcsaprov|Interest Adjustment}}'''” applies the {{vmcsaprov|Credit Support Balance (VM)}} will be adjusted by the Transferee, as requi...") |
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::{{vmcsaprov|5(c)(ii)(B)}} if “'''{{vmcsaprov|Interest Adjustment}}'''” applies the {{vmcsaprov|Credit Support Balance (VM)}} will be adjusted by the Transferee, as required under Paragraph {{vmcsaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}}, as follows: | ::{{vmcsaprov|5(c)(ii)(B)}} if “'''{{vmcsaprov|Interest Adjustment}}'''” applies the {{vmcsaprov|Credit Support Balance (VM)}} will be adjusted by the Transferee, as required under Paragraph {{vmcsaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}}, as follows: | ||
:::(I) if the {{isdaprov|Interest Amount (VM)}} | :::(I) if the {{isdaprov|Interest Amount (VM)}} is positive, it will be added in the {{vmcsaprov|Base Currency}} to the {{vmcsaprov|Credit Support Balance (VM)}}; and | ||
:::(II) if the {{isdaprov|Interest Amount (VM) | :::(II) if the {{isdaprov|Interest Amount (VM)}} is negative, its [[absolute value]] in the {{vmcsaprov|Base Currency}} will be deducted from the {{vmcsaprov|Credit Support Balance (VM)}}, provided that if the {{vmcsaprov|Base Currency}} cash portion of the {{vmcsaprov|Credit Support Balance (VM)}} is less than that absolute value, the reduction will be limited to that {{vmcsaprov|Base Currency}} cash and the {{vmcsaprov|Transferor}} must transfer the remainder to the {{vmcsaprov|Transferee}} on the due date. <br> |