Credit Support Balance - CSA Provision: Difference between revisions

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{{csasnap|Credit Support Balance}}
{{csasnap|Credit Support Balance}}
===Commentary===
===Commentary===
Note that {{csaprov|Interest Amount}}s and {{csaprov|Distributions}}, so long as (i) they are held by the {{csaprov|Transferee}} and not returned to the {{csaprov|Transferor}} and (ii) they themselves are {{csaprov|Eligible Credit Support}}, count towards the {{csaprov|Credit Support Balance}}. Needless to say, if they are not themselves {{csaprov|Eligible Credit Support}}, they aren't counted (but represent an amount due by {{csaprov|Transferee}} to {{csaprov|Transferor}} whcih would amount to {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{csaprov|Transferor}} would be an unsecured creditor.
Note that {{csaprov|Interest Amount}}s and {{csaprov|Distributions}}, so long as (i) they are held by the {{csaprov|Transferee}} and not returned to the {{csaprov|Transferor}} and (ii) they themselves are {{csaprov|Eligible Credit Support}}, count towards the {{csaprov|Credit Support Balance}}. Needless to say, if they are not themselves {{csaprov|Eligible Credit Support}}, they aren't counted (but represent an amount due by {{csaprov|Transferee}} to {{csaprov|Transferor}} which would amount to {{isdaprov|Unpaid Amounts}} on an {{isdaprov|Event of Default}} etc, and for which {{csaprov|Transferor}} would be an unsecured creditor.


{{csaanatomy}}
{{csaanatomy}}

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