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Note here the {{{{{1}}}prov|Transferor}} can ask for an exchange, but the {{{{{1}}}prov|Transferee}} is not obliged to accept it. This is a fundamental provision of “title transfer”: once the {{{{{1}}}prov|Eligible Credit Support}} is delivered under a [[title-transfer]] {{csa}}, the {{{{{1}}}prov|Transferee}} owns it absolutely. It only has to return {{{{{1}}}prov|Equivalent Credit Support}}. This is a special, [[ISDA ninja|legal ninja]]<ref>Oh, all right, and [[GMSLA]] [[ninja]], [[Repo]] [[ninja]] and other kinds of [[ninja]]s too.</ref> use of the word “[[equivalent]]”. It means “[[fungible]]”; ''exactly the same as ~''; not “broadly similar to ~”. | Note here the {{{{{1}}}prov|Transferor}} can ask for an exchange, but the {{{{{1}}}prov|Transferee}} is not obliged to accept it. This is a fundamental provision of “title transfer”: once the {{{{{1}}}prov|Eligible Credit Support}} is delivered under a [[title-transfer]] {{csa}}, the {{{{{1}}}prov|Transferee}} owns it absolutely. It only has to return {{{{{1}}}prov|Equivalent Credit Support}}. This is a special, [[ISDA ninja|legal ninja]]<ref>Oh, all right, and [[GMSLA]] [[ninja]], [[Repo]] [[ninja]] and other kinds of [[ninja]]s too.</ref> use of the word “[[equivalent]]”. It means “[[fungible]]”; ''exactly the same as ~''; not “broadly similar to ~”. | ||
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'''{{{{{1}}}prov|Return Amount}}s''': A {{{{{1}}}prov|Transferee}} does have a (limited) option in terms of selecting the {{{{{1}}}prov|Return Amount}} should there be a requirement to return posted [[credit support]]: it can select the cheapest to deliver of all the {{{{{1}}}prov|Eligible Credit Support}} that has been posted to it which currently comprises its {{{{{1}}}prov|Credit Support Balance}}. | '''{{{{{1}}}prov|Return Amount}}s''': A {{{{{1}}}prov|Transferee}} does have a (limited) option in terms of selecting the {{{{{1}}}prov|Return Amount}} should there be a requirement to return posted [[credit support]]: it can select the cheapest to deliver of all the {{{{{1}}}prov|Eligible Credit Support}} that has been posted to it which currently comprises its {{{{{1}}}prov|Credit Support Balance}}. | ||