Template:ISDA English Law Credit Support Annex 1995 9(a): Difference between revisions

{{csaprov|9(a)}} {{csaprov|Default Interest}}. Other than in the case of an amount which is the subject of a dispute under <br>Paragraph {{csaprov|4(a)}}, if a {{csaprov|Transferee}} fails to make, when due, any transfer of {{csaprov|Equivalent Credit Support}}, <br>{{csaprov|Equivalent Distributions}} or the {{csaprov|Interest Amount}}, it will be obliged to pay the {{csaprov|Transferor}} (to the extent <br>permitted under applicable law) an amount equal to interest at the {{csaprov|Default Rate}} multiplied by the {{csaprov|Value}} on <br>the relevant {{csaprov|Valuation Date}} of the items of property that were required to be transferred, from (and <br>including) the date that the {{csaprov|Equivalent Credit Support}}, {{csaprov|Equivalent Distributions}} or {{csaprov|Interest Amount}} were <br>required to be transferred to (but excluding) the date of transfer of the {{csaprov|Equivalent Credit Support}}, <br>{{csaprov|Equivalent Distributions}} or {{csaprov|Interest Amount}}. This interest will be calculated on the basis of daily <br>compounding and the actual number of days elapsed. <br>