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{{csaprov|Credit Support Amount}} is the total amount one counterparty must have delivered to the other at any time: The combination of its net {{csaprov|Exposure}} under the {{isdama}} and the net {{csaprov|Independent Amounts}} it must post. | ===={{1995csa}}==== | ||
Under a {{1995csa}} {{csaprov|Credit Support Amount}} is the total amount one counterparty must have delivered to the other at any time: The combination of its net {{csaprov|Exposure}} under the {{isdama}} and the net {{csaprov|Independent Amounts}} it must post. | |||
====No equivalent in the {{2016csa}}==== | ====No equivalent in the {{2016csa}}==== | ||
Careful observers will have noticed there isn't such a concept in the {{2016csa}}. This is because the {{csaprov|Credit Support Amount}} is no more than a given party’s {{csaprov|Exposure}} — as already defined in the {{tag|CSA}} — together with any pertinent {{csaprov|Independent Amount}}s and similar amounts. Of course, under the {{2016csa}} (being concerned only with [[variation margin]]) there ''are'' no {{vmcsaprov|Independent Amount}}s. So it vanishes, in a puff of logic and existential redundancy. <br> | Careful observers will have noticed there isn't such a concept in the {{2016csa}}. This is because the {{csaprov|Credit Support Amount}} is no more than a given party’s {{csaprov|Exposure}} — as already defined in the {{tag|CSA}} — together with any pertinent {{csaprov|Independent Amount}}s and similar amounts. Of course, under the {{2016csa}} (being concerned only with [[variation margin]]) there ''are'' no {{vmcsaprov|Independent Amount}}s. So it vanishes, in a puff of logic and existential redundancy. <br> |