Template:2021 ISDA Interest Rate Derivatives Definitions Cash Settlement Amount

18.1.1 Cash Settlement Amount. “Cash Settlement Amount” means, in respect of an Exercise Date or a Mandatory Early Termination Date:

(i) subject to paragraph (ii) below, the amount (expressed in the Cash Settlement Currency) or, in the case of a Transaction involving two Cash Settlement Currencies, the amounts (expressed in the respective Cash Settlement Currencies) agreed between the parties;

(ii) if the Cash Settlement Method is Collateralized Cash Price or Par Yield Curve – Unadjusted, the amount agreed between the parties that is determined in accordance with Section 18.2.6 (Collateralized Cash Price) or Section 18.2.7 (Par Yield Curve – Unadjusted), as applicable; or

(iii) if the parties are unable to agree that amount or those amounts, as the case may be, by the Cash Settlement Valuation Time on the Cash Settlement Valuation Date, the Fallback Cash Settlement Amount.