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Template:ISDA English Law Credit Support Annex 1995 2(b): Difference between revisions
Template:ISDA English Law Credit Support Annex 1995 2(b) (view source)
Revision as of 13:34, 17 October 2012
, 17 October 2012no edit summary
Amwelladmin (talk | contribs) (Created page with "{{csaprov|2(b)}} {{csaprov|Return Amount}}. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferor}} on or <br>promptly followin...") |
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{{csaprov|2(b)}} {{csaprov|Return Amount}}. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferor}} on or <br>promptly following a {{csaprov|Valuation Date}}, if the {{csaprov|Return Amount}} for that {{csaprov|Valuation Date}} equals or exceeds the <br>{{csaprov|Transferee}}'s {{csaprov|Minimum Transfer Amount}}, then the {{csaprov|Transferee}} will transfer to the {{csaprov|Transferor}} Equivalent <br>Credit Support specified by the {{csaprov|Transferor}} in that demand having a {{csaprov|Value}} as of the date of transfer as close | {{csaprov|2(b)}} {{csaprov|Return Amount}}. Subject to Paragraphs {{csaprov|3}} and {{csaprov|4}}, upon a demand made by the {{csaprov|Transferor}} on or <br>promptly following a {{csaprov|Valuation Date}}, if the {{csaprov|Return Amount}} for that {{csaprov|Valuation Date}} equals or exceeds the <br>{{csaprov|Transferee}}'s {{csaprov|Minimum Transfer Amount}}, then the {{csaprov|Transferee}} will transfer to the {{csaprov|Transferor}} [[Equivalent Credit Support - CSA Provision|Equivalent]] <br>[[Equivalent Credit Support - CSA Provision|Credit Support]] specified by the {{csaprov|Transferor}} in that demand having a {{csaprov|Value}} as of the date of transfer as close <br>as practicable to the applicable {{csaprov|Return Amount}} (rounded pursuant to Paragraph {{csaprov|11(b)}}(iii)(D)) and the <br>{{csaprov|Credit Support Balance}} will, upon such transfer, be reduced accordingly. Unless otherwise specified in <br>Paragraph {{csaprov|11(b)}}, the "{{csaprov|Return Amount}}" applicable to the {{csaprov|Transferee}} for any {{csaprov|Valuation Date}} will equal the | ||
as practicable to the applicable {{csaprov|Return Amount}} (rounded pursuant to Paragraph {{csaprov|11(b)}}(iii)(D)) and the <br>{{csaprov|Credit Support Balance}} will, upon such transfer, be reduced accordingly. Unless otherwise specified in <br>Paragraph {{csaprov|11(b)}}, the "{{csaprov|Return Amount}}" applicable to the {{csaprov|Transferee}} for any {{csaprov|Valuation Date}} will equal the | |||
amount by which:<br> | amount by which:<br> | ||
:(i) 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}})<br> | :(i) 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}})<br> | ||
:exceeds<br> | :exceeds<br> | ||
:(ii) the {{csaprov|Credit Support Amount}}.<br> | :(ii) the {{csaprov|Credit Support Amount}}.<br> | ||