Template:Csa Interest Payment summ: Difference between revisions

=====Interest Amounts under the 2016 VM CSA=====

But in the {{vmcsa}} things get a little more complex. There follows an excruciating torture session for innocent and well-loved members of Her Majesty’s vocabulary, and all to get across a simple point.  In the {{premium}} nutshell JC has tried to simplify the drafting but I am a bit jet-lagged and it is testing even my patience. But know this: {{{{{1}}}|Interest Payment}} is a fiddly, time-and resource-consuming pain which will inevitably lead to error, confusion and name-calling. {{{{{1}}}|Interest Adjustment}} — just adding accrued interest to your {{{{{1}}}|Credit Support Balance}} — is far simpler and more elegant: none of this Kafkaesque complexity for netting and offsetting individual payments. It all comes out in the wash.

Now there ''is'' a “use-case” for the Interest Payment method — it’s pretty niche, though — which we will talk about over at the premium JC.