Template:Nutshell 1995 CSA 2(b)

From The Jolly Contrarian
Jump to navigation Jump to search

2(b) Return Amount. If the Transferor demands a Return Amount at least equalling the Transferee’s Minimum Transfer Amount on a Valuation Date, the Transferee must transfer the specified Equivalent Credit Support with a Value of the Return Amount (rounded under Paragraph 11(b)(iii)(D)) to the Transferee and the Credit Support Balance will be proportionately reduced. The “Return Amount” is the amount by which

(i) the Value of the Transferor’s Credit Support Balance (adjusted for pending but unsettled transfers) exceeds:
(ii) the Credit Support Amount.