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Template:ISDA New York Law Credit Support Annex 2016 12: Difference between revisions
Template:ISDA New York Law Credit Support Annex 2016 12 (view source)
Revision as of 12:26, 8 January 2020
, 8 January 2020no edit summary
Amwelladmin (talk | contribs) (Created page with "===Paragraph {{nyvmcsaprov|12}} '''{{nyvmcsaprov|Definitions}}'''=== As used in this Annex:—<br> “'''{{nyvmcsaprov|Base Currency}}'''” means the currency specified as su...") |
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:{{nyvmcsaprov|(iii)}} in relation to the {{nyvmcsaprov|Resolution Time}}, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one {{nyvmcsaprov|Valuation Date Location}} for Party A and at least one {{nyvmcsaprov|Valuation Date Location}} for Party B; and<br> | :{{nyvmcsaprov|(iii)}} in relation to the {{nyvmcsaprov|Resolution Time}}, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in at least one {{nyvmcsaprov|Valuation Date Location}} for Party A and at least one {{nyvmcsaprov|Valuation Date Location}} for Party B; and<br> | ||
:{{nyvmcsaprov|(iv)}} in relation to any notice or other communication under this Annex, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place specified in the address for notice most recently provided by the recipient.<br> | :{{nyvmcsaprov|(iv)}} in relation to any notice or other communication under this Annex, a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in the place specified in the address for notice most recently provided by the recipient.<br> | ||
“'''{{nyvmcsaprov|Minimum Transfer Amount}}'''” means, with respect to a party, the amount specified as such for that party in Paragraph 13; if no amount is specified, zero.<br> | |||
“'''{{nyvmcsaprov|Notification Time}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br> | “'''{{nyvmcsaprov|Notification Time}}'''” has the meaning specified in Paragraph {{nyvmcsaprov|13}}.<br> | ||
“'''{{nyvmcsaprov|Obligations}}'''” means, with respect to a party, all present and future obligations of that party under this Agreement and any additional obligations specified for that party in Paragraph {{nyvmcsaprov|13}}.<br> | “'''{{nyvmcsaprov|Obligations}}'''” means, with respect to a party, all present and future obligations of that party under this Agreement and any additional obligations specified for that party in Paragraph {{nyvmcsaprov|13}}.<br> | ||
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“'''{{nyvmcsaprov|Substitution Date}}'''” has the meaning specified in Paragraph 4(d)(ii).<br> | “'''{{nyvmcsaprov|Substitution Date}}'''” has the meaning specified in Paragraph 4(d)(ii).<br> | ||
“'''{{nyvmcsaprov|Total Ineligibility Date}}'''” has the meaning specified in Paragraph 11(g) unless otherwise specified in Paragraph {{nyvmcsaprov|13}}.<br> | “'''{{nyvmcsaprov|Total Ineligibility Date}}'''” has the meaning specified in Paragraph 11(g) unless otherwise specified in Paragraph {{nyvmcsaprov|13}}.<br> | ||
“'''{{nyvmcsaprov|Transfer}}'''” means, with respect to any {{nyvmcsaprov|Eligible Credit Support (VM)}}, {{nyvmcsaprov|Posted Credit Support (VM)}} or {{nyvmcsaprov|Interest Payment (VM)}}, and in accordance with the instructions of the {{nyvmcsaprov|Secured Party}}, {{nyvmcsaprov|Pledgor}} or {{nyvmcsaprov|Custodian (VM)}}, as applicable:<br> | |||
:{{nyvmcsaprov|(i)}} in the case of {{nyvmcsaprov|Cash}}, payment or delivery by wire {{nyvmcsaprov|Transfer}} into one or more bank accounts specified by the recipient;<br> | :{{nyvmcsaprov|(i)}} in the case of {{nyvmcsaprov|Cash}}, payment or delivery by wire {{nyvmcsaprov|Transfer}} into one or more bank accounts specified by the recipient;<br> | ||
:{{nyvmcsaprov|(ii)}} in the case of certificated securities that cannot be paid or delivered by book-entry, payment or delivery in appropriate physical form to the recipient or its account accompanied by any duly executed instruments of {{nyvmcsaprov|Transfer}}, assignments in blank, {{nyvmcsaprov|Transfer}} tax stamps and any other documents necessary to constitute a legally valid {{nyvmcsaprov|Transfer}} to the recipient;<br> | :{{nyvmcsaprov|(ii)}} in the case of certificated securities that cannot be paid or delivered by book-entry, payment or delivery in appropriate physical form to the recipient or its account accompanied by any duly executed instruments of {{nyvmcsaprov|Transfer}}, assignments in blank, {{nyvmcsaprov|Transfer}} tax stamps and any other documents necessary to constitute a legally valid {{nyvmcsaprov|Transfer}} to the recipient;<br> | ||