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====={{2018imcsd}}===== | ====={{2018imcsd}}===== | ||
In the {{2018imcsd}} there is a curious reference to “provisions requiring the return of zero-Valued Posted Credit Support (IM)”. It is not entirely clear why ineligible {{csaprov|Credit Support}} (that hence has a {{csaprov|Value}} of zero), since it doesn’t count numerically into the {{csaprov|Value}} of the {{ | In the {{2018imcsd}} there is a curious reference to “provisions requiring the return of zero-Valued Posted Credit Support (IM)”. It is not entirely clear why ineligible {{csaprov|Credit Support}} (that hence has a {{csaprov|Value}} of zero), since it doesn’t count numerically into the {{csaprov|Value}} of the {{imcsdprov|Posted Credit Support (IM)}}) should be covered, as on its own theory of the game the Secured Party assigns no value to this collateral and has no justification for holding onto it — but on the other hand, the argument is “well, you are going ''[[tetas arriba]]'' so frankly anything of yours that I hold I’m damn well keeping and selling for anything I can get for it.” | ||
The latter argument, we fancy, will prevail. | The latter argument, we fancy, will prevail. |