Credit Support Amount - CSA Provision: Difference between revisions

===Commentary===

This is the total amount required to be posted by a counterparty on any day - the combination of its net exposure under the {{isdama}} and the net amount of {{csaprov|Independent Amounts}} it is required to post.

Careful observers will have noticed there isn't such a concept in the {{2016csa}}. This is because the {{csaprov|Credit Support Amount}} is no more than a given party’s {{csaprov|Exposure}} — as already defined in the {{tag|CSA}} — together with any pertinent {{csaprov|Independent Amount}}s and similar amounts. Of course, under the {{2016csa}} (being concerned only with {{csaprov|Variation Margin}}) there ''are'' no {{csaprov|Independent Amount}}s. So it vanishes, in a puff of logic and existential redundancy.

{{csaanatomy}}