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===Calculating your {{{{{1}}} | ===Calculating your {{{{{1}}}|Credit Support Amount}}=== | ||
Superficially things are quite different between the {{csa}} and the {{vmcsa}}, but this all boils down to the fact that the {{vmcsa}} is ''meant'' to be a zero-threshold, [[variation margin]]-only affair, so the concepts of {{csaprov|Independent Amount}} and {{csaprov|Threshold}}, both of which confuse the {{csa}}, aren’t there to get in the way. Unless you go and put them in anyway, as we shall see... | Superficially things are quite different between the {{csa}} and the {{vmcsa}}, but this all boils down to the fact that the {{vmcsa}} is ''meant'' to be a zero-threshold, [[variation margin]]-only affair, so the concepts of {{csaprov|Independent Amount}} and {{csaprov|Threshold}}, both of which confuse the {{csa}}, aren’t there to get in the way. Unless you go and put them in anyway, as we shall see... | ||
===={{csa}}==== | ===={{csa}}==== | ||
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Now, whether you have to ''pay'' anything or ''receive'' anything as a result — whether there is a {{csaprov|Delivery Amount}} or a {{csaprov|Return Amount}}, in other words — depends whether your {{csaprov|Credit Support Amount}} is greater or smaller than your prevailing {{csaprov|Credit Support Balance}}, by at least the {{csaprov|Minimum Transfer Amount}}. | Now, whether you have to ''pay'' anything or ''receive'' anything as a result — whether there is a {{csaprov|Delivery Amount}} or a {{csaprov|Return Amount}}, in other words — depends whether your {{csaprov|Credit Support Amount}} is greater or smaller than your prevailing {{csaprov|Credit Support Balance}}, by at least the {{csaprov|Minimum Transfer Amount}}. | ||
===={{vmcsa}} with no [[IA]] amendment==== | ===={{vmcsa}} with no [[IA]] amendment==== | ||
Since the {{vmcsa}} assumes there is no Independent Amounts and no Thresholds, it is quite a lot easier. It is just the Exposure. So much so, that there | Since the {{vmcsa}} assumes there is no Independent Amounts and no Thresholds, it is quite a lot easier. It is just the {{vmcsaprov|Exposure}}. So much so, that there isn’t even a concept of the “{{vmcsaprov|Credit Support Amount}}” under the {{vmcsa}}, ''unless you have retrofitted one'', and who in their right mind would do that? | ||
Oh. | Oh. | ||
You have, haven’t you. You’ve gone and co-opted the {{vmcsaprov|Credit Support Amount (VM/IA)}} concept in your Paragraph 11 | You have, haven’t you. You’ve gone and co-opted the {{vmcsaprov|Credit Support Amount (VM/IA)}} concept in your Paragraph {{vmcsaprov|11}} elections. Yes you did. No, don’t blame your [[credit department]]; don’t say you were just following orders. ''You'' did it. | ||
===={{vmcsa}} with a customised [[IA]] amendment==== | ===={{vmcsa}} with a customised [[IA]] amendment==== | ||
Never mind. Well, just for you, the formula is a sort of half-way house: Under this unholy bastardisation of a {{vmcsa}}, a {{vmcsaprov|Transferee}}’s {{vmcsaprov|Credit Support Amount}} will be: '''''Max[0, (E<sub>Tee</sub> + IA<sub>Tor</sub> - IA<sub>Tee</sub>)]'''''. <br> | Never mind. Well, just for you, the formula is a sort of half-way house: Under this unholy bastardisation of a {{vmcsa}}, a {{vmcsaprov|Transferee}}’s {{vmcsaprov|Credit Support Amount}} will be: '''''Max[0, (E<sub>Tee</sub> + IA<sub>Tor</sub> - IA<sub>Tee</sub>)]'''''. <br> |