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Template:ISDA New York Law Credit Support Annex 2016 Value: Difference between revisions
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Template:ISDA New York Law Credit Support Annex 2016 Value (view source)
Revision as of 11:25, 14 January 2020
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::(B) a security, the {{nyvmcsaprov|Base Currency Equivalent}} of the bid price obtained by the {{nyvmcsaprov|Valuation Agent}} multiplied by (VP – HFX), where:<br> | ::(B) a security, the {{nyvmcsaprov|Base Currency Equivalent}} of the bid price obtained by the {{nyvmcsaprov|Valuation Agent}} multiplied by (VP – HFX), where:<br> | ||
:::'''VP''' equals the applicable Valuation Percentage; and <br> | :::'''VP''' equals the applicable Valuation Percentage; and <br> | ||
:::'''HFX''' equals the applicable | :::'''HFX''' equals the applicable {{nyvmcsaprov|FX Haircut Percentage}};<br> | ||
:{{nyvmcsaprov|(ii)}} {{nyvmcsaprov|Posted Collateral (VM)}} that consists of items that are not {{nyvmcsaprov|Eligible Collateral (VM)}} (including any item or any portion of any item that fails to satisfy any (A) {{nyvmcsaprov|Credit Support Eligibility Condition (VM))}} applicable to it or (B) applicable {{nyvmcsaprov|Legal Eligibility Requirements}}), zero; and<br> | :{{nyvmcsaprov|(ii)}} {{nyvmcsaprov|Posted Collateral (VM)}} that consists of items that are not {{nyvmcsaprov|Eligible Collateral (VM)}} (including any item or any portion of any item that fails to satisfy any (A) {{nyvmcsaprov|Credit Support Eligibility Condition (VM))}} applicable to it or (B) applicable {{nyvmcsaprov|Legal Eligibility Requirements}}), zero; and<br> | ||
:{{nyvmcsaprov|(iii)}} {{nyvmcsaprov|Other Eligible Support (VM) and Other Posted Support (VM)}}, as specified in Paragraph {{nyvmcsaprov|13}}.<br> | :{{nyvmcsaprov|(iii)}} {{nyvmcsaprov|Other Eligible Support (VM) and Other Posted Support (VM)}}, as specified in Paragraph {{nyvmcsaprov|13}}.<br> | ||