Template:ISDA English Law Credit Support Annex 2016 Credit Support Amount (VM/IA): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "“{{csaprov|Credit Support Amount (VM/IA)}}” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}} (I) the {{csaprov|Transferee}}’s {{csaprov|Exp...") |
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“{{csaprov|Credit Support Amount (VM/IA)}}” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}} (I) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} plus (II) all {{csaprov|Independent Amount}}s applicable to the | “'''{{csaprov|Credit Support Amount (VM/IA)}}'''” means with respect to a {{csaprov|Transferor}} on a {{csaprov|Valuation Date}}: | ||
:(I) the {{csaprov|Transferee}}’s {{csaprov|Exposure}} plus | |||
:(II) all {{csaprov|Independent Amount}}s applicable to the {{csaprov|Transferor}}, {{f|if any}}, minus | |||
:(III) all {{csaprov|Independent Amount}}s applicable to the {{csaprov|Transferee}}, {{f|if any}}, <br> | |||
provided however, that the {{csaprov|Credit Support Amount (VM/IA)}} will be {{f|deemed}} to be zero whenever the calculation of {{csaprov|Credit Support Amount (VM/IA)}} yields a number less than zero. <br> | |||
Latest revision as of 17:34, 7 May 2019
“Credit Support Amount (VM/IA)” means with respect to a Transferor on a Valuation Date:
- (I) the Transferee’s Exposure plus
- (II) all Independent Amounts applicable to the Transferor, if any, minus
- (III) all Independent Amounts applicable to the Transferee, if any,
provided however, that the Credit Support Amount (VM/IA) will be deemed to be zero whenever the calculation of Credit Support Amount (VM/IA) yields a number less than zero.