Template:ISDA New York Law Credit Support Annex 2016 4(c): Difference between revisions
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{{nyvmcsaprov|4(c)}} '''{{nyvmcsaprov|Calculations}}'''. All calculations of {{nyvmcsaprov|Value}} and {{nyvmcsaprov|Exposure}} for purposes of Paragraphs 3 and 6(d) will be made by the {{nyvmcsaprov|Valuation Agent}} as of the {{nyvmcsaprov|Valuation Time}}; provided that the {{nyvmcsaprov|Valuation Agent}} may use, in the case of any calculation of (i) {{nyvmcsaprov|Value}}, {{nyvmcsaprov|Value}}s most recently reasonably available for close of business in the relevant market for the relevant {{nyvmcsaprov|Eligible Credit Support (VM)}} as of the {{nyvmcsaprov|Valuation Time}} and (ii) {{nyvmcsaprov|Exposure}}, relevant information or data most recently reasonably available for close of business in the relevant market(s) as of the {{nyvmcsaprov|Valuation Time}}. The {{nyvmcsaprov|Valuation Agent}} will notify each party (or the other party, if the {{nyvmcsaprov|Valuation Agent}} is a party) of its calculations not later than the | {{nyvmcsaprov|4(c)}} '''{{nyvmcsaprov|Calculations}}'''. All calculations of {{nyvmcsaprov|Value}} and {{nyvmcsaprov|Exposure}} for purposes of Paragraphs 3 and 6(d) will be made by the {{nyvmcsaprov|Valuation Agent}} as of the {{nyvmcsaprov|Valuation Time}}; provided that the {{nyvmcsaprov|Valuation Agent}} may use, in the case of any calculation of (i) {{nyvmcsaprov|Value}}, {{nyvmcsaprov|Value}}s most recently reasonably available for close of business in the relevant market for the relevant {{nyvmcsaprov|Eligible Credit Support (VM)}} as of the {{nyvmcsaprov|Valuation Time}} and (ii) {{nyvmcsaprov|Exposure}}, relevant information or data most recently reasonably available for close of business in the relevant market(s) as of the {{nyvmcsaprov|Valuation Time}}. The {{nyvmcsaprov|Valuation Agent}} will notify each party (or the other party, if the {{nyvmcsaprov|Valuation Agent}} is a party) of its calculations not later than the {{nyvmcsaprov|Notification Time}} on the {{nyvmcsaprov|Local Business Day}} following the applicable {{nyvmcsaprov|Valuation Date}} (or in the case of Paragraph 6(d), following the date of calculation).<br> | ||
Latest revision as of 10:01, 9 May 2024
4(c) Calculations. All calculations of Value and Exposure for purposes of Paragraphs 3 and 6(d) will be made by the Valuation Agent as of the Valuation Time; provided that the Valuation Agent may use, in the case of any calculation of (i) Value, Values most recently reasonably available for close of business in the relevant market for the relevant Eligible Credit Support (VM) as of the Valuation Time and (ii) Exposure, relevant information or data most recently reasonably available for close of business in the relevant market(s) as of the Valuation Time. The Valuation Agent will notify each party (or the other party, if the Valuation Agent is a party) of its calculations not later than the Notification Time on the Local Business Day following the applicable Valuation Date (or in the case of Paragraph 6(d), following the date of calculation).