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

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

:(i) 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 Settlement Day falls on or after such {{csaprov|Valuation Date}})