Template:ISDA English Law Credit Support Annex 1995 2(a): Difference between revisions

{{csaprov|2(a)}} '''{{csaprov|Delivery Amount}}'''. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferee}} on or promptly following a {{csaprov|Valuation Date}}, if the {{csaprov|Delivery Amount}} for that {{csaprov|Valuation Date}} equals or exceeds the {{csaprov|Transferor}}'s {{csaprov|Minimum Transfer Amount}}, then the {{csaprov|Transferor}} will {{csaprov|transfer}} to the {{csaprov|Transferee}} {{csaprov|Eligible Credit Support}} having a {{csaprov|Value}} as of the date of {{csaprov|transfer}} at least equal to the applicable {{csaprov|Delivery Amount}} (rounded pursuant to Paragraph {{csaprov|11(b)(iii)(D)}}). Unless otherwise specified in Paragraph {{csaprov|11(b)}}, the “'''{{csaprov|Delivery Amount}}'''” applicable to the {{csaprov|Transferor}} for any {{csaprov|Valuation Date}} will equal the amount by which:<br>

:(ii) the {{csaprov|Value}} as of that {{csaprov|Valuation Date}} of the {{csaprov|Transferor}}'s {{csaprov|Credit Support Balance}} (adjusted to include any prior {{csaprov|Delivery Amount}} and to exclude any prior {{csaprov|Return Amount}}, the transfer of which, in either case, has not yet been completed and for which the relevant {{csaprov|Settlement Day}} falls on or after such {{csaprov|Valuation Date}}).<br>