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Independent Amount - CSA Provision: Difference between revisions
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Independent Amount - CSA Provision (view source)
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{{csasnap|Independent Amount}} | {{csasnap|Independent Amount}} | ||
===Discussion=== | ===Discussion=== | ||
If you look at it cold, this looks like a fixed currency amount that is paid at the beginning of a relationship, irrespective of how many transactions you may have on. But it will be often defined as "an amount agreed between the parties or as otherwise advised by Party X" - which rather kicks the issue in to touch. In practice, it's likely to be articulated as a multiplier on notional, and will be payable at the start of each transaction, and may be adjusted on the fly. | If you look at it cold, this looks like a fixed currency amount that is paid at the beginning of a relationship, irrespective of how many transactions you may have on. But it will be often defined as "an amount agreed between the parties or as otherwise advised by Party X" - which rather kicks the issue in to touch. In practice, it's likely to be articulated as a multiplier on notional, and will be payable at the start of each transaction, and may be adjusted on the fly. | ||