Independent Amount - CSA Provision: Difference between revisions

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{{csasnap|Independent Amount}}
{{csasnap|Independent Amount}}
{{csasnap|11(b)(iii)(A)}}
{{csasnap|11(b)(iii)(A)}}
==Discussion===
===Discussion===
Particularly where underlying trades and markets are volatile, you might expect to see a lot of customisation here.
Particularly where underlying trades and markets are volatile, you might expect to see a lot of customisation here.
*The independent amount might be calculated by reference to a given multiplier for a given asset (or type of assets - it is not uncommon to see tiering in FX transactions, for example, where {{isdaprov|Transaction}}s on currencies in the highest Tier might have a low (say 2%) multiplier, and {{isdaprov|Transaction}}s on currencies in the lowest Tier might carry a a 100% multiplier).  
*The independent amount might be calculated by reference to a given multiplier for a given asset (or type of assets - it is not uncommon to see tiering in FX transactions, for example, where {{isdaprov|Transaction}}s on currencies in the highest Tier might have a low (say 2%) multiplier, and {{isdaprov|Transaction}}s on currencies in the lowest Tier might carry a a 100% multiplier).  

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