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Template:ISDA English Law Credit Support Annex 1995 4(a): Difference between revisions
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Template:ISDA English Law Credit Support Annex 1995 4(a) (view source)
Revision as of 03:58, 28 December 2019
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:::(C) utilising the procedures specified in Paragraph {{csaprov|11(e)(ii)}} for calculating the {{csaprov|Value}}, if disputed, of the outstanding {{csaprov|Credit Support Balance}}; | :::(C) utilising the procedures specified in Paragraph {{csaprov|11(e)(ii)}} for calculating the {{csaprov|Value}}, if disputed, of the outstanding {{csaprov|Credit Support Balance}}; | ||
::(ii) in the case of a dispute involving the {{csaprov|Value}} of any transfer of Eligible Credit Support or {{csaprov|Equivalent Credit Support}}, the {{csaprov|Valuation Agent}} will recalculate the {{csaprov|Value}} as of the date of transfer pursuant to Paragraph {{csaprov|11(e)(ii)}}. | ::(ii) in the case of a dispute involving the {{csaprov|Value}} of any transfer of Eligible Credit Support or {{csaprov|Equivalent Credit Support}}, the {{csaprov|Valuation Agent}} will recalculate the {{csaprov|Value}} as of the date of transfer pursuant to Paragraph {{csaprov|11(e)(ii)}}. | ||
Following a recalculation pursuant to this Paragraph, the {{csaprov|Valuation Agent}} will notify each party (or the other party, if the {{csaprov|Valuation Agent}} is a party) as soon as possible but in any event not later than the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. The appropriate party will, upon demand following such notice given by the {{csaprov|Valuation Agent}} or a resolution pursuant to (3) above and subject to Paragraph {{csaprov|3(a)}}, make the appropriate transfer. | Following a recalculation pursuant to this Paragraph, the {{csaprov|Valuation Agent}} will notify each party (or the other party, if the {{csaprov|Valuation Agent}} is a party) as soon as possible but in any event not later than the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. The appropriate party will, upon demand following such notice given by the {{csaprov|Valuation Agent}} or a resolution pursuant to (3) above and subject to Paragraph {{csaprov|3(a)}}, make the appropriate transfer.<br> | ||