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

:(i) the {{csaprov|Credit Support Amount}}<br>

:exceeds<br>

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