Credit Support Amount - CSA Provision: Difference between revisions

Credit Support Amount - CSA Provision (view source)

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 {{fullanat2|csa|Credit Support Amount|1995|Credit Support Amount|2016}}
-{{csaprov|Credit Support Amount}} is the total amount one counterparty must have delivered to the other at any time: The combination of its net {{csaprov|Exposure}} under the {{isdama}} and the net {{csaprov|Independent Amounts}} it must post.
+{{credit support amount capsule}}
-====No equivalent in the {{2016csa}}====
-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.
 {{CreditSupportAmountCalculation}}
 Exposure under csa
 {{ISDA transaction and collateral flows}}
 {{ref}}