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

no edit summary
No edit summary
No edit summary
 
(3 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{vmcsaprov|2(b)}} '''{{vmcsaprov|Return Amount}}'''. If the {{vmcsaprov|Transferor}} demands a {{vmcsaprov|Return Amount}} at least equalling the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Minimum Transfer Amount}} on a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferee}} must transfer the specified {{vmcsaprov|Equivalent Credit Support (VM)}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Return Amount (VM)}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}} and the {{vmcsaprov|Credit Support Balance (VM)}} will be proportionately reduced. The “'''{{vmcsaprov|Return Amount (VM)}}'''” is the amount by which the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance (VM)}} (adjusted for pending but unsettled transfers) exceeds the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}}. <br>
{{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>