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*The {{isdaprov|Transaction}} {{csaprov|Value}} (when calculating {{csaprov|Exposure}}). | *The {{isdaprov|Transaction}} {{csaprov|Value}} (when calculating {{csaprov|Exposure}}). | ||
=====Value of {{csaprov|Credit Support}}===== | =====Value of {{csaprov|Credit Support}}===== | ||
Let's take the easy one first: {{csaprov|Eligible Credit Support}}. If you are a smart sort of fellow who has moved onto a cash-only single-currency {{2016csa}} then there’s not really much to argue about. What is the {{csaprov|Value}}, in the {{csaprov|Base Currency}}, of an amount in the {{csaprov|Base Currency}}? | Let's take the easy one first: {{csaprov|Eligible Credit Support}}. If you are a smart sort of fellow who has moved onto a cash-only single-currency {{2016csa}} then there’s not really much to argue about. What is the {{csaprov|Value}}, in the {{csaprov|Base Currency}}, of an amount in the {{csaprov|Base Currency}}?<ref>Hint: it’s a trick question.</ref> | ||
====={{isdaprov|Transaction}} {{csaprov|Exposure}}===== | ====={{isdaprov|Transaction}} {{csaprov|Exposure}}===== | ||
The {{isdaprov|Transaction}} {{isdaprov|Exposure}} has — potentially — a different complexion. While some asset classes ([[FX]], [[synthetic equity]]) are pretty observable and, in the same way, there is not much to argue about, others are not. The less liquid a transaction is, the less likely the broker is to refuse any dispute rights when carrying out its {{isdaprov|Calculation Agent}} function under the {{tag|ISDA}}. | The {{isdaprov|Transaction}} {{isdaprov|Exposure}} has — potentially — a different complexion. While some asset classes ([[FX]], [[synthetic equity]]) are pretty observable and, in the same way, there is not much to argue about, others are not. The less liquid a transaction is, the less likely the broker is to refuse any dispute rights when carrying out its {{isdaprov|Calculation Agent}} function under the {{tag|ISDA}}. |