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Amwelladmin (talk | contribs) (Created page with "'''{{csaprov|{{csaprov|Interest Amount (VM)}}}}''' means with respect to an {{csaprov|Interest Period}}, the aggregate sum of the {{csaprov|Base Currency Equivalent}}s of the...") |
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''' | “'''{{csaprov|Interest Amount (VM)}}'''” means with respect to an {{csaprov|Interest Period}}, the aggregate sum of the {{csaprov|Base Currency Equivalent}}s of the amounts of [[interest]] determined for each relevant currency and calculated for each day in that {{csaprov|Interest Period}} on the portion of the {{csaprov|Credit Support Balance (VM)}} comprised of cash in such currency, determined by the {{csaprov|Valuation Agent}} for each such day as follows: | ||
:(i) the amount of cash in such currency on that day plus, only if "{{csaprov|Daily Interest Compounding}}" is specified as applicable in Paragraph {{csaprov|11(g)(iii)}}, the aggregate of each {{csaprov|Interest Amount (VM)}} determined for each preceding day, if any, in that {{csaprov|Interest Period}}; multiplied by <br /> | :(i) the amount of cash in such currency on that day plus, only if "{{csaprov|Daily Interest Compounding}}" is specified as applicable in Paragraph {{csaprov|11(g)(iii)}}, the aggregate of each {{csaprov|Interest Amount (VM)}} determined for each preceding day, if any, in that {{csaprov|Interest Period}}; multiplied by <br /> | ||
:(ii) the {{csaprov|relevant Interest Rate (VM)}} in effect for that day; divided by <br /> | :(ii) the {{csaprov|relevant Interest Rate (VM)}} in effect for that day; divided by <br /> | ||
:(iii) 360 (or, in the case of pounds sterling or any other currency specified as an “{{csaprov|A/365 Currency}}” in Paragraph 11(g)(i), 365), | :(iii) 360 (or, in the case of pounds sterling or any other currency specified as an “{{csaprov|A/365 Currency}}” in Paragraph 11(g)(i), 365), | ||
provided that, unless "{{csaprov|Negative Interest}}" is specified as applicable in Paragraph {{csaprov|11(g)(iii)}}, if the {{csaprov|Interest Amount (VM)}} for an {{csaprov|Interest Period}} would be a negative amount, it will be deemed to be zero. <br /> | provided that, unless "{{csaprov|Negative Interest}}" is specified as applicable in Paragraph {{csaprov|11(g)(iii)}}, if the {{csaprov|Interest Amount (VM)}} for an {{csaprov|Interest Period}} would be a negative amount, it will be deemed to be zero. <br /> |