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Template:Csa Credit Support Obligations summ: Difference between revisions
Template:Csa Credit Support Obligations summ (view source)
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(There is not much of a difference, but there is some: where you are calling back {{{{{1}}}|Credit Support}} under a {{{{{1}}}|Return Amount}}, the {{{{{1}}}|Transferee}} gets to choose which bit of {{{{{1}}}|Credit Support}} the {{{{{1}}}|Transferor}} sends back, out of what the {{{{{1}}}|Transferee}} originally posted. When the {{{{{1}}}|Transferee}} is calling for ''new'' {{{{{1}}}|Credit Support}} to cover an outright exposure, the {{{{{1}}}|Transferor}} gets to choose what {{{{{1}}}|Credit Support}} it sends from the agreed Eliigible {{{{{1}}}|Credit Support}} in the elections paragraph). | (There is not much of a difference, but there is some: where you are calling back {{{{{1}}}|Credit Support}} under a {{{{{1}}}|Return Amount}}, the {{{{{1}}}|Transferee}} gets to choose which bit of {{{{{1}}}|Credit Support}} the {{{{{1}}}|Transferor}} sends back, out of what the {{{{{1}}}|Transferee}} originally posted. When the {{{{{1}}}|Transferee}} is calling for ''new'' {{{{{1}}}|Credit Support}} to cover an outright exposure, the {{{{{1}}}|Transferor}} gets to choose what {{{{{1}}}|Credit Support}} it sends from the agreed Eliigible {{{{{1}}}|Credit Support}} in the elections paragraph). | ||
The self-help element is this: you don’t ''have'' to call for credit support. You are entitled to, but it is up to you to run the calculations and make the demand. If you don’t, the other party is not obliged to send you anything. | |||
Each party therefore also “marks its own homework”. Should they not agree on their respective valuations, there is a dispute resolution process set out in Paragraph {{{{{1}}}|4}}. | |||
====Title transfer versus pledge==== | ====Title transfer versus pledge==== | ||