Default - CSA Provision: Difference between revisions

This clause explains how you value the {{csa}} itself — being a {{isdaprov|Transaction}} in its own right, of course — when closing out an {{isdama}}. The basic gist is that you treat the {{csaprov|Credit Support Balance (VM)}} as of the {{isdaprov|Early Termination Date}} — being the total value of the {{csaprov|Credit Support}} you have ponied up at any time — as an {{isdaprov|Unpaid Amount}}, rather than treating is as a contingent return obligation, the present value of which would go into the {{isdaprov|Close-Out Amount}}<ref>Or {{isdaprov|Loss}}, or {{isdaprov|Market Quotation}}, if you still labour under an antediluvian {{1992ma}}.</ref>.