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)

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 “'''{{nyvmcsaprov|Other CSA Excluded Credit Support}}'''” means, with respect to an {{nyvmcsaprov|Other CSA}}, any amounts and items posted as margin under such {{nyvmcsaprov|Other CSA}}, which, pursuant to the terms of such {{nyvmcsaprov|Other CSA}}, Party A and Party B have agreed must be segregated in an account maintained by a third-party custodian or for which offsets are prohibited.<br>
 “'''{{nyvmcsaprov|Other Eligible Support (VM)}}'''” means, with respect to a party, the items, if any, specified as such for that party in Paragraph {{nyvmcsaprov|13}}.<br>
+{{ISDA New York Law Credit Support Annex 2016 Other Posted Support (VM)}}
 “'''{{nyvmcsaprov|Other Posted Support (VM)}}'''” means all {{nyvmcsaprov|Other Eligible Support (VM)}} {{nyvmcsaprov|Transfer}}red to the {{nyvmcsaprov|Secured Party}} that remains in effect for the benefit of that {{nyvmcsaprov|Secured Party}}.<br>
 “'''{{nyvmcsaprov|Pledgor}}'''” means either party, when that party (i) receives a demand for or is required to {{nyvmcsaprov|Transfer}} {{nyvmcsaprov|Eligible Credit Support (VM)}} under Paragraph 3(a) or (ii) has {{nyvmcsaprov|Transfer}}red {{nyvmcsaprov|Eligible Credit Support (VM)}} under Paragraph 3(a).<br>
-“'''{{nyvmcsaprov|Posted Collateral (VM)}}'''” means all {{nyvmcsaprov|Eligible Collateral (VM)}}, other property, {{nyvmcsaprov|Distributions}}, and all proceeds thereof that have been {{nyvmcsaprov|Transfer}}red to or received by the {{nyvmcsaprov|Secured Party}} under this Annex and not {{nyvmcsaprov|Transfer}}red to the {{nyvmcsaprov|Pledgor}} pursuant to Paragraph 3(b), 4(d)(ii), 6(d)(i) or 11(h) or released by the {{nyvmcsaprov|Secured Party}} under Paragraph '''{{nyvmcsaprov|8}}'''. With respect to any {{nyvmcsaprov|Other Eligible Support (VM)}} in respect of any {{nyvmcsaprov|Interest Payment (VM)}} or relevant part thereof not {{nyvmcsaprov|Transfer}}red pursuant to Paragraph 6(d)(ii)(A) or Paragraph 6(d)(ii)(B), as applicable, if such {{nyvmcsaprov|Interest Amount (VM)}} is a positive number, such {{nyvmcsaprov|Interest Amount (VM)}} will constitute {{nyvmcsaprov|Posted Collateral (VM)}} in the form of {{nyvmcsaprov|Cash}} in the {{nyvmcsaprov|Base Currency}}.<br>
+{{ISDA New York Law Credit Support Annex 2016 Posted Collateral (VM)}}
-“'''{{nyvmcsaprov|Posted Credit Support (VM)}}'''” means {{nyvmcsaprov|Posted Collateral (VM)}} and {{nyvmcsaprov|Other Posted Support (VM)}}.<br>
+{{ISDA New York Law Credit Support Annex 2016 Posted Credit Support (VM)}}
 “'''{{nyvmcsaprov|Recalculation Date}}'''” means the {{nyvmcsaprov|Valuation Date}} that gives rise to the dispute under Paragraph 5; provided, however, that if a subsequent {{nyvmcsaprov|Valuation Date}} occurs under Paragraph 3 prior to the resolution of the dispute, then the “'''{{nyvmcsaprov|Recalculation Date}}'''” means the most recent {{nyvmcsaprov|Valuation Date}} under Paragraph 3.<br>
 “'''{{nyvmcsaprov|Regular Settlement Day}}'''” means, unless otherwise specified in Paragraph {{nyvmcsaprov|13}}, the same {{nyvmcsaprov|Local Business Day}} on which a demand for the {{nyvmcsaprov|Transfer}} of {{nyvmcsaprov|Eligible Credit Support (VM)}} or {{nyvmcsaprov|Posted Credit Support (VM)}} is made.<br>