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Template:Csa Default under title transfer CSAs summ: Difference between revisions
Template:Csa Default under title transfer CSAs summ (view source)
Revision as of 13:45, 9 May 2024
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Amwelladmin (talk | contribs) (Created page with "The {{{{{1}}}|default}} paragraph explains how you value the CSA itself — being a {{isdaprov|Transaction}} in its own right, of course — when closing out an {{isdama}}. The basic gist is that you treat the {{{{{1}}}|Credit Support Balance}} as of the {{isdaprov|Early Termination Date}} — being the total value of the {{{{{1}}}|Credit Support}} you have ponied up at any time — as an {{isdaprov|Unpaid Amount}}, rather than treating is as a contingent return obligati...") |
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====Default under title transfer CSAs==== | |||
The {{{{{1}}}|default}} paragraph explains how you value the CSA itself — being a {{isdaprov|Transaction}} in its own right, of course — when closing out an {{isdama}}. The basic gist is that you treat the {{{{{1}}}|Credit Support Balance}} as of the {{isdaprov|Early Termination Date}} — being the total value of the {{{{{1}}}|Credit Support}} you have ponied up at any time — as an {{isdaprov|Unpaid Amount}}, rather than treating is as a contingent return obligation, the present value of which would go into the {{isdaprov|Close-Out Amount}} (or {{isdaprov|Loss}}, or {{isdaprov|Market Quotation}}, if you still labour under an antediluvian {{1992ma}}).<br> | The {{{{{1}}}|default}} paragraph explains how you value the CSA itself — being a {{isdaprov|Transaction}} in its own right, of course — when closing out an {{isdama}}. The basic gist is that you treat the {{{{{1}}}|Credit Support Balance}} as of the {{isdaprov|Early Termination Date}} — being the total value of the {{{{{1}}}|Credit Support}} you have ponied up at any time — as an {{isdaprov|Unpaid Amount}}, rather than treating is as a contingent return obligation, the present value of which would go into the {{isdaprov|Close-Out Amount}} (or {{isdaprov|Loss}}, or {{isdaprov|Market Quotation}}, if you still labour under an antediluvian {{1992ma}}).<br> | ||