Template:Nutshell 1995 CSA 2(b): Difference between revisions

Latest revision as of 14:51, 22 February 2023

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:

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-{{Nutshell 2016 VM CSA 2(b)}}
+{{csaprov|2(b)}} '''{{csaprov|Return Amount}}'''. If the {{csaprov|Transferor}} demands a {{csaprov|Return Amount}} at least equalling the {{csaprov|Transferee}}’s {{csaprov|Minimum Transfer Amount}} on a {{csaprov|Valuation Date}}, the {{csaprov|Transferee}} must transfer the specified {{csaprov|Equivalent Credit Support}} with a {{csaprov|Value}} of the {{csaprov|Return Amount}} (rounded under Paragraph {{csaprov|11(b)(iii)(D)}}) to the {{csaprov|Transferee}} and the {{csaprov|Credit Support Balance}} will be proportionately reduced. The “'''{{csaprov|Return Amount}}'''” is the amount by which
+:(i) the {{csaprov|Value}} of the {{csaprov|Transferor}}’s {{csaprov|Credit Support Balance}} (adjusted for pending but unsettled transfers) exceeds: <br>
+:(ii) the {{csaprov|Credit Support Amount}}. <br>