Template:Nutshell 2016 CSA 2(b): Difference between revisions

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{{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.  
{{vmcsaprov|2(b)}} '''{{vmcsaprov|Return Amount)}}'''. If the {{vmcsaprov|Transferor}} demands a {{vmcsaprov|Return Amount}} at least equalling the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Minimum Transfer Amount}} on a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferee}} must transfer the specified {{vmcsaprov|Equivalent Credit Support (VM)}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Return Amount (VM)}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}} and the {{vmcsaprov|Credit Support Balance (VM)}} will be proportionately reduced. The “'''{{vmcsaprov|Return Amount (VM)}}'''” is the amount by which the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance (VM)}} (adjusted for pending but unsettled transfers) exceeds the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}}. <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>
:exceeds <br>
:(ii) the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}}. <br>

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