Template:ISDA English Law Credit Support Annex 1995 4(a): Difference between revisions

Template:ISDA English Law Credit Support Annex 1995 4(a) (view source)

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-{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a party (a “'''{{csaprov|Disputing Party}}'''") reasonably disputes (I) the {{csaprov|Valuation Agent}}’s calculation of a {{csaprov|Delivery Amount}} or a {{csaprov|Return Amount}} or (II) the {{csaprov|Value}} of any transfer of {{csaprov|Eligible Credit Support}} or {{csaprov|Equivalent Credit Support}}, then:
+{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a party (a “'''{{csaprov|Disputing Party}}'''”) reasonably disputes (I) the {{csaprov|Valuation Agent}}’s calculation of a {{csaprov|Delivery Amount}} or a {{csaprov|Return Amount}} or (II) the {{csaprov|Value}} of any transfer of {{csaprov|Eligible Credit Support}} or {{csaprov|Equivalent Credit Support}}, then:
 :(1) the {{csaprov|Disputing Party}} will notify the other party and the {{csaprov|Valuation Agent}} (if the Valuation Agent is not the other party) not later than the close of business on the {{csaprov|Local Business Day}} following, in the case of (I) above, the date that the demand is received under Paragraph {{csaprov|2}} or, in the case of (II) above, the date of transfer;
 :(2) in the case of (I) above, the appropriate party will transfer the undisputed amount to the other party not later than the close of business on the {{csaprov|Settlement Day}} following the date that the demand is received under Paragraph {{csaprov|2}};