Template:ISDA English Law Credit Support Annex 2016 Base Currency and Eligible Currency

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“Base Currency” means the currency specified as such in Paragraph 11(a)(i).
“Base Currency Equivalent” means, with respect to an amount on a Valuation Date, in the case of an amount denominated in the Base Currency, such Base Currency amount and, in the case of an amount denominated in a currency other than the Base Currency (the “Other Currency”), the amount of Base Currency required to purchase such amount of the Other Currency at the spot exchange rate on such Valuation Date as determined by the Valuation Agent.
“Eligible Currency” means each currency specified as such in Paragraph 11(a)(ii), if such currency is freely available.

11(a) Base Currency and Eligible Currency

(i) “Base Currency” means [...] unless otherwise specified here: [...]
(ii) “Eligible Currency” means the Base Currency and each other currency specified here: [...]
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