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Template:Csa Exposure comp: Difference between revisions
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The {{nyvmcsa}} tracks the {{vmcsa}} closely with two curious exceptions: Firstly, when imagining its [[hypothetical]] termination of all {{isdaprov|Transaction}}s it doesn’t explicitly carve out the {{isdaprov|Transaction}} constituted by the {{nyvmcsa}} itself — which is odd, because if you were treating it as a {{isdaprov|Transaction}} to be hypothetically included, you necessarily get a value of zero, since its value should be the exact negative of whatever the net mark-to-market value of all the other {{isdaprov|Transaction}}s are — and secondly it does not [[hypothetical]]ly suppose that the {{nyvmcsaprov|Secured Party}} is the {{isdaprov|Unaffected Party}}, thereby getting to be in the driver’s seat when constructing the necessary valuations. | The {{nyvmcsa}} tracks the {{vmcsa}} closely with two curious exceptions: Firstly, when imagining its [[hypothetical]] termination of all {{isdaprov|Transaction}}s it doesn’t explicitly carve out the {{isdaprov|Transaction}} constituted by the {{nyvmcsa}} itself — which is odd, because if you were treating it as a {{isdaprov|Transaction}} to be hypothetically included, you necessarily get a value of zero, since its value should be the exact negative of whatever the net mark-to-market value of all the other {{isdaprov|Transaction}}s are — and secondly it does not [[hypothetical]]ly suppose that the {{nyvmcsaprov|Secured Party}} is the {{isdaprov|Unaffected Party}}, thereby getting to be in the driver’s seat when constructing the necessary valuations. | ||
The reason you don’t have to except a {{nyvmcsa}} from hypothetical termination is buried deep in its earthen [[Ontology|ontological]] root system. It is not a Transaction. This is all discussed in the {{{{{1 | The reason you don’t have to except a {{nyvmcsa}} from hypothetical termination is buried deep in its earthen [[Ontology|ontological]] root system. It is not a Transaction. This is all discussed in the {{{{{1}}}|Preamble}}. | ||