Template:ISDA English Law Credit Support Annex 2016 5(c)(ii)(A): Difference between revisions

Template:ISDA English Law Credit Support Annex 2016 5(c)(ii)(A) (view source)

Revision as of 12:34, 2 December 2019

76 bytes added , 2 December 2019

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,891

edits

@@ Line 1: / Line 1: @@
-::{{csaprov|5(c)(ii)(A)}} if “'''{{csaprov|Interest Transfer}}'''” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}, the {{csaprov|Interest Payer (VM)}} will transfer to the {{csaprov|Interest Payer (VM)}}, at the times specified in Paragraph {{csaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}} referred to in Paragraph {{csaprov|6}}, the relevant {{csaprov|Interest Payment (VM)}}, provided that if “{{csaprov|Interest Payment Netting}}” is specified as applicable in Paragraph {{csaprov|11(g)(ii)}}:
+::{{vmcsaprov|5(c)(ii)(A)}} if “'''{{vmcsaprov|Interest Transfer}}'''” is specified as applicable in Paragraph {{vmcsaprov|11(g)(ii)}}, the {{vmcsaprov|Interest Payer (VM)}} will transfer to the {{vmcsaprov|Interest Payer (VM)}}, at the times specified in Paragraph {{vmcsaprov|11(g)(ii)}} and on any {{isdaprov|Early Termination Date}} referred to in Paragraph {{vmcsaprov|6}}, the relevant {{vmcsaprov|Interest Payment (VM)}}, provided that if “{{vmcsaprov|Interest Payment Netting}}” is specified as applicable in Paragraph {{vmcsaprov|11(g)(ii)}}:
-:::(I) if the {{csaprov|Interest Payer (VM)}} is entitled to demand a {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} in respect of the date such {{csaprov|Interest Payment (VM)}} is required to be transferred:
+:::(I) if the {{vmcsaprov|Interest Payer (VM)}} is entitled to demand a {{vmcsaprov|Delivery Amount (VM)}} or {{vmcsaprov|Return Amount (VM)}} in respect of the date such {{vmcsaprov|Interest Payment (VM)}} is required to be transferred:
-::::(a) such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Return Amount (VM)}} will be reduced (but not below zero) by the {{csaprov|Interest Payment (VM)}}, provided that, in case of such {{csaprov|Return Amount (VM)}}, if the amount in the {{csaprov|Credit Support Balance (VM)}} which is comprised of cash in the {{csaprov|Base Currency}} is less than such {{csaprov|Interest Payment (VM)}}, such reduction will only be to the extent of the amount of such cash comprised in the {{csaprov|Credit Support Balance (VM)}} (the “{{csaprov|Eligible Return Amount (VM)}}”); and
+::::(a) such {{vmcsaprov|Delivery Amount (VM)}} or {{vmcsaprov|Return Amount (VM)}} will be reduced (but not below zero) by the {{vmcsaprov|Interest Payment (VM)}}, provided that, in case of such {{vmcsaprov|Return Amount (VM)}}, if the amount in the {{vmcsaprov|Credit Support Balance (VM)}} which is comprised of cash in the {{vmcsaprov|Base Currency}} is less than such {{vmcsaprov|Interest Payment (VM)}}, such reduction will only be to the extent of the amount of such cash comprised in the {{vmcsaprov|Credit Support Balance (VM)}} (the “{{vmcsaprov|Eligible Return Amount (VM)}}”); and
-::::(b) the {{csaprov|Interest Payer (VM)}} will transfer to the {{csaprov|Interest Payere (VM)}} the amount of the excess, if any, of such {{csaprov|Interest Payment (VM)}} over such {{csaprov|Delivery Amount (VM)}} or {{csaprov|Eligible Return Amount (VM)}}, as applicable;
+::::(b) the {{vmcsaprov|Interest Payer (VM)}} will transfer to the {{vmcsaprov|Interest Payere (VM)}} the amount of the excess, if any, of such {{vmcsaprov|Interest Payment (VM)}} over such {{vmcsaprov|Delivery Amount (VM)}} or {{vmcsaprov|Eligible Return Amount (VM)}}, as applicable;
-:::(II) if under Paragraph 5(c)(ii)(A)(I)(a) a {{csaprov|Delivery Amount (VM)}} is reduced (the amount of such reduction, the “{{csaprov|Delivery Amount Reduction (VM)}}”) or a {{csaprov|Return Amount (VM)}} is reduced (the amount of such reduction, the “{{csaprov|Return Amount Reduction (VM)}}”), then for purposes of calculating the {{csaprov|Credit Support Balance (VM)}} only, the Transferee will be deemed to have received an amount in cash in the {{csaprov|Base Currency}} equal to any {{csaprov|Delivery Amount Reduction (VM)}} and will be deemed to have transferred an amount in cash in the {{csaprov|Base Currency}} equal to any {{csaprov|Return Amount Reduction (VM)}}, as applicable, in each case on the day on which the relevant {{csaprov|Interest Payment (VM)}} was due to be transferred; and
+:::(II) if under Paragraph 5(c)(ii)(A)(I)(a) a {{vmcsaprov|Delivery Amount (VM)}} is reduced (the amount of such reduction, the “{{vmcsaprov|Delivery Amount Reduction (VM)}}”) or a {{vmcsaprov|Return Amount (VM)}} is reduced (the amount of such reduction, the “{{vmcsaprov|Return Amount Reduction (VM)}}”), then for purposes of calculating the {{vmcsaprov|Credit Support Balance (VM)}} only, the Transferee will be deemed to have received an amount in cash in the {{vmcsaprov|Base Currency}} equal to any {{vmcsaprov|Delivery Amount Reduction (VM)}} and will be deemed to have transferred an amount in cash in the {{vmcsaprov|Base Currency}} equal to any {{vmcsaprov|Return Amount Reduction (VM)}}, as applicable, in each case on the day on which the relevant {{vmcsaprov|Interest Payment (VM)}} was due to be transferred; and