Template:M comp disc 2016 CSA 2(a): Difference between revisions

Now the interesting thing here is the difference that ''[[pledge|pledged]]'' collateral under the {{nyvmcsa}} makes over ''[[Title transfer|title-transferred]]'' collateral regime of the {{csa}}. You will see the difference in the {{nycsa}}’s {{nyvmcsaprov|Delivery Amount}}, which is the positive difference between {{nyvmcsaprov|Secured Party}}’s {{nyvmcsaprov|Exposure}} and the value of {{nyvmcsaprov|Posted Credit Support}} ''held by the {{nyvmcsaprov|Secured Party}}'' — easy, right? — and {{vmcsa}}’s equivalent provision which is the positive difference between the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} and the {{vmcsaprov|Credit Support Balance}} ''adjusted to exclude any inflight but unsettled collateral movements''.