Template:ISDA New York Law Credit Support Annex 1994 12: Difference between revisions

Template:ISDA New York Law Credit Support Annex 1994 12 (view source)

Revision as of 23:13, 24 January 2020

1,684 bytes removed , 24 January 2020

no edit summary

Amwelladmin

Bureaucrats, Interface administrators, Administrators

82,976

edits

@@ Line 7: / Line 7: @@
 {{ISDA New York Law Credit Support Annex 1994 Disputing Party}}
 {{ISDA New York Law Credit Support Annex 1994 Distributions}}
+{{ISDA New York Law Credit Support Annex 1994 Eligible Collateral}}
+{{ISDA New York Law Credit Support Annex 1994 Eligible Credit Support}}
+{{ISDA New York Law Credit Support Annex 1994 Exposure}}
+{{ISDA New York Law Credit Support Annex 1994 Independent Amount}}
+{{ISDA New York Law Credit Support Annex 1994 Interest Amount}}
-“'''{{nycsaprov|Eligible Collateral}}'''” means, with respect to a party, the items, if any, specified as such for that party in Paragraph {{nycsaprov|13}}.<br>
-“'''{{nycsaprov|Eligible Credit Support}}'''” means {{nycsaprov|Eligible Collateral}} and {{nycsaprov|Other Eligible Support}}.<br>
-“'''{{nycsaprov|Exposure}}'''” means for any {{nycsaprov|Valuation Date}} or other date for which {{nycsaprov|Exposure}} is calculated and subject to Paragraph 5 in the case of a dispute, the amount, if any, that would be payable to a party that is the {{nycsaprov|Secured Party}} by the other party (expressed as a positive number) or by a party that is the {{nycsaprov|Secured Party}} to the other party (expressed as a negative number) pursuant to Section {{isdaprov|6(e)(ii)(2)(A)}} of this Agreement as if all Transactions (or Swap Transactions) were being terminated as of the relevant {{nycsaprov|Valuation Time}}; provided that {{isdaprov|Market Quotation}} will be determined by the {{nycsaprov|Valuation Agent}} using its estimates at mid-market of the amounts that would be paid for {{isdaprov|Replacement Transaction}}s (as that term is defined in the definition of “'''{{isdaprov|Market Quotation}}'''”).<br>
-“'''{{nycsaprov|Independent Amount}}'''” means, with respect to a party, the amount specified as such for that party in Paragraph {{nycsaprov|13}}; if no amount is specified, zero.<br>
-“'''{{nycsaprov|Interest Amount}}'''” means, with respect to an {{nycsaprov|Interest Period}}, the aggregate sum of the amounts of interest calculated for each day in that {{nycsaprov|Interest Period}} on the principal amount of {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}} held by the {{nycsaprov|Secured Party}} on that day, determined by the {{nycsaprov|Secured Party}} for each such day as follows:<br>
-:(x)	amount of that{{nycsaprov|Cash}} on that day; multiplied by<br>
-:(y)	the {{nycsaprov|Interest Rate}} in effect for that day; divided by<br>
-:(z)	360.<br>
 “'''{{nycsaprov|Interest Period}}'''” means the period from (and including) the last {{nycsaprov|Local Business Day}} on which an {{nycsaprov|Interest Amount}} was {{nycsaprov|Transfer}}red (or, if no {{nycsaprov|Interest Amount}} has yet been {{nycsaprov|Transfer}}red, the {{nycsaprov|Local Business Day}} on which {{nycsaprov|Posted Collateral}} in the form of {{nycsaprov|Cash}} was {{nycsaprov|Transfer}}red to or received by the {{nycsaprov|Secured Party}}) to (but excluding) the {{nycsaprov|Local Business Day}} on which the current {{nycsaprov|Interest Amount}} is to be {{nycsaprov|Transfer}}red.<br>
 “'''{{nycsaprov|Interest Rate}}'''” means the rate specified in Paragraph {{nycsaprov|13}}.<br>