Template:ISDA English Law Credit Support Annex 2016 3(b): Difference between revisions

{{csaprov|3(b)}} {'''{csaprov|Calculations}}'''. All calculations of {{csaprov|Value}} and {{csaprov|Exposure}} for purposes of Paragraph {{csaprov|2}} and Paragraph {{csaprov|4(a)}} will be made by the relevant {{csaprov|Valuation Agent}} as of the relevant {{csaprov|Valuation Time}}, provided that, the {{csaprov|Valuation Agent}} may use, in the case of any calculation of (i) {{csaprov|Value}}, {{csaprov|Values}} most recently reasonably available for [[close of business]] in the relevant market for the relevant {{csaprov|Eligible Credit Support (VM)}} as of the {{csaprov|Valuation Time}} and (ii) {{csaprov|Exposure}}, relevant information or data most recently reasonably available for close of business in the relevant market(s) as of the {{csaprov|Valuation Time}}. The {{csaprov|Valuation Agent}} will notify each party (or the other party, if the {{csaprov|Valuation Agent}} is a party) of its calculations not later than the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the applicable {{csaprov|Valuation Date}} (or, in the case of Paragraph {{csaprov|4}}(a), following the date of calculation). <br>