Template:ISDA English Law Credit Support Deed 2018 Value: Difference between revisions

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(Created page with "“'''{{csaprov|Value}}'''” means, unless otherwise specified in Paragraph {{imcsdprov|13}}, for any {{imcsdprov|Calculation Date (IM)}} or other date for which {{csaprov|Va...")
 
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::(B) a security, the {{imcsdprov|Base Currency Equivalent}} of the [[bid]] price obtained by the {{imcsdprov|Calculation Agent (IM)}} multiplied by (VP – HFX):<br>
::(B) a security, the {{imcsdprov|Base Currency Equivalent}} of the [[bid]] price obtained by the {{imcsdprov|Calculation Agent (IM)}} multiplied by (VP – HFX):<br>
::where:<br>
::where:<br>
::“VP” equals the applicable {{imcsd|Valuation Percentage}}; and <br>
:::“VP” equals the applicable {{imcsd|Valuation Percentage}}; and <br>
::“HFX” equals the [[applicable]] {{imcsdprov|FX Haircut Percentage}},<br>
:::“HFX” equals the [[applicable]] {{imcsdprov|FX Haircut Percentage}},<br>
:provided that, for the purposes of calculating {{csaprov|Value}} under Paragraph {{csaprov|11(a)}}, the VP will be 100% and HFX will be zero; and<br>
::provided that, for the purposes of calculating {{csaprov|Value}} under Paragraph {{csaprov|11(a)}}, the VP will be 100% and HFX will be zero; and<br>
:(ii) {{imcsdprov|Posted Credit Support (IM)}} that consists of items that are, in respect of the relevant posting obligation, deemed as of such date to have a {{csaprov|Value}} of zero pursuant to Paragraph {{imcsdprov|13}}, zero. <br>
:(ii) {{imcsdprov|Posted Credit Support (IM)}} that consists of items that are, in respect of the relevant posting obligation, deemed as of such date to have a {{csaprov|Value}} of zero pursuant to Paragraph {{imcsdprov|13}}, zero. <br>

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