Template:M comp disc 1994 NY CSA Independent Amount: Difference between revisions

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[[Independent Amount - NY CSA Provision|The]] only substantial difference between the {{1994csa}} and the {{1995csa}} is the reference to {{csaprov|Base Currency Equivalent}} — maybe the Americans just assumed everything would be done in USD. There is no equivalent definition in the [[regulatory VM]] versions published in 2016, since they deal only with [[variation margin]] and not initial margin, though you will see if you follow what ''should'' be a broken link, there is a way of reverse-engineering an IM component back into a reg VM {{csa}} with some fancy footwork in the elections paragraph.
[[Independent Amount - NY CSA Provision|The]] only substantial difference between the {{1994csa}} and the {{1995csa}} is the reference to {{csaprov|Base Currency Equivalent}} — the Americans, being the cultural imperialists they are<ref>Calm down folks, I’m just winding you up.</ref> — just assume that “{{nycsaprov|Cash}}” and “the lawful currency for the time being of the United States of America” are the same thing. They do: check the definition. Geopolitically, they are not a million miles wrong about this, either.  
 
There is no equivalent definition in the [[Reg VM]] versions published in 2016, since they deal only with [[variation margin]] and not initial margin, though you will see if you follow what ''should'' be a broken link, there is a way of reverse-engineering an IM component back into a reg VM {{csa}} with some fancy footwork in the elections paragraph.

Latest revision as of 13:49, 21 October 2021

The only substantial difference between the 1994 NY CSA and the 1995 CSA is the reference to Base Currency Equivalent — the Americans, being the cultural imperialists they are[1] — just assume that “Cash” and “the lawful currency for the time being of the United States of America” are the same thing. They do: check the definition. Geopolitically, they are not a million miles wrong about this, either.

There is no equivalent definition in the Reg VM versions published in 2016, since they deal only with variation margin and not initial margin, though you will see if you follow what should be a broken link, there is a way of reverse-engineering an IM component back into a reg VM 1995 CSA with some fancy footwork in the elections paragraph.

  1. ↑ Calm down folks, I’m just winding you up.
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