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Template:Nutshell 2016 CSA 2(b): Difference between revisions
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Template:Nutshell 2016 CSA 2(b) (view source)
Revision as of 14:35, 31 December 2019
, 31 December 2019no edit summary
Amwelladmin (talk | contribs) (Created page with "{{vmcsaprov|2(b)}} '''{{vmcsaprov|Return Amount (VM)}}'''. When the {{vmcsaprov|Transferor}} demands a {{vmcsaprov|Return Amount (VM)}} for a {{vmcsaprov|Valuation Date}} at l...") |
Amwelladmin (talk | contribs) No edit summary |
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{{vmcsaprov|2(b)}} '''{{vmcsaprov|Return Amount (VM)}}'''. When the {{vmcsaprov|Transferor}} demands a {{vmcsaprov|Return Amount (VM)}} | {{vmcsaprov|2(b)}} '''{{vmcsaprov|Return Amount (VM)}}'''. When, for any {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} demands a {{vmcsaprov|Return Amount (VM)}} of at least the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Minimum Transfer Amount}}, the {{vmcsaprov|Transferee}} must transfer to the {{vmcsaprov|Transferee}} the {{vmcsaprov|Equivalent Credit Support (VM)}} it specified with a {{vmcsaprov|Value}} of that {{vmcsaprov|Return Amount (VM)}} (rounded as per Paragraph {{vmcsaprov|11(c)(vi)(B)}}) and the {{vmcsaprov|Credit Support Balance (VM)}} will be proportionately reduced. | ||
A {{vmcsaprov|Transferee}}’s “{{vmcsaprov|Return Amount (VM)}}” on any {{vmcsaprov|Valuation Date}} will be the amount by which: <br> | A {{vmcsaprov|Transferee}}’s “'''{{vmcsaprov|Return Amount (VM)}}'''” on any {{vmcsaprov|Valuation Date}} will be the amount by which: <br> | ||
:(i) the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance (VM)}} (adjusted to treat any scheduled but as yet uncompleted transfers as not having been made) <br> | :(i) the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance (VM)}} (adjusted to treat any scheduled but as yet uncompleted transfers as not having been made) <br> | ||
:exceeds <br> | :exceeds <br> | ||
:(ii) the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}}. <br> | :(ii) the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}}. <br> | ||