Template:ISDA English Law Credit Support Annex 2016 Exposure: Difference between revisions

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“'''{{isdaprov|Exposure}}'''” means, [[unless otherwise specified in]] Paragraph {{vmcsaprov|11}} for any {{vmcsaprov|Valuation Date}} or other date for which {{vmcsaprov|Exposure}} is calculated and subject to Paragraph {{vmcsaprov|4}} in the case of a dispute:
“'''{{vmcsaprov|Exposure}}'''” means, [[unless otherwise specified in]] Paragraph {{vmcsaprov|11}} for any {{vmcsaprov|Valuation Date}} or other date for which {{vmcsaprov|Exposure}} is calculated and subject to Paragraph {{vmcsaprov|4}} in the case of a dispute:
:(i) if this Agreement is a [[1992 ISDA Master Agreement]], the amount, if any, that would be payable to that party by the other party (expressed as a positive number) or by that party to the other party (expressed as a negative number) pursuant to Section {{isdaprov|6(e)(ii)}}(1) of this Agreement if all {{vmcsaprov|Covered Transactions}} (other than the {{isdaprov|Transaction}} constituted by this {{vmcsaprov|Annex}}) were being terminated as of the relevant {{vmcsaprov|Valuation Time}} on the basis that  
:(i) if this Agreement is a [[1992 ISDA Master Agreement]], the amount, if any, that would be payable to that party by the other party (expressed as a positive number) or by that party to the other party (expressed as a negative number) pursuant to Section {{isdaprov|6(e)(ii)}}(1) of this Agreement if all {{vmcsaprov|Covered Transactions}} (other than the {{isdaprov|Transaction}} constituted by this {{vmcsaprov|Annex}}) were being terminated as of the relevant {{vmcsaprov|Valuation Time}} on the basis that  
::(A) that party is not the {{isdaprov|Affected Party}} and  
::(A) that party is not the {{isdaprov|Affected Party}} and