Template:Nutshell 2018 CSD 3(b)

3(b) Return Amount (IM). Subject to Paragraphs 4 and 5, upon the Chargor’s demand following a Calculation Date (IM), if a Secured Party’s Return Amount (IM) is at least equal to its Minimum Transfer Amount (IM), it must instruct the Custodian (IM) to transfer Posted Credit Support (IM) to the Chargor per the Chargor’ demand having a Value equal to the (rounded) Return Amount (IM). The “Return Amount (IM)” for any Calculation Date (IM) will equal the amount by which:

(i) the prevailing Value of all Posted Credit Support (IM) the Secured Party holds (treating pending but unsettled Delivery Amount (IM)s and Return Amount (IM)s as not having been made)

exceeds

(ii) the Chargor’s Credit Support Amount (IM).