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{{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a {{csaprov|Disputing Party}} disputes the {{csaprov|Value}} of | {{csaprov|4(a)}} '''{{csaprov|Disputed Calculations or Valuations}}'''. If a {{csaprov|Disputing Party}} disputes any collateral call (the {{csaprov|Value}} of either the Exposure or the {{csaprov|Credit Support}} being transferred): | ||
*it must give notice by close of business on the following {{csaprov|Local Business Day}}: | |||
*it must transfer any undisputed amount by close of business on the following {{csaprov|Settlement Day}}; | |||
*the parties will try resolve the dispute. If by the {{csaprov|Resolution Time}} they haven’t: | |||
**'''Disputes as to {{csaprov|Exposure}}''': the {{csaprov|Valuation Agent}} will recalculate any disputed {{csaprov|Exposure}} as of the {{csaprov|Recalculation Date}} by averaging the mid-market quotations from those {{isdaprov|Reference Market-makers}} who will provide one (if none will, the {{csaprov|Valuation Agent}}’s original calculations will stand); and calculating the outstanding {{csaprov|Credit Support Balance}} as per Paragraph {{csaprov|11(e)(ii)}}; | |||
**'''Disputes as to {{csaprov|Credit Support}} {{csaprov|Value}}''': recalculating the {{csaprov|Value}} as of the date of transfer. <br /> | |||
The {{csaprov|Valuation Agent}} will notify each party by the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. Then the appropriate transfer has to be made. <br> | |||
The {{csaprov|Valuation Agent}} will notify each party by the {{csaprov|Notification Time}} on the {{csaprov|Local Business Day}} following the {{csaprov|Resolution Time}}. Then the appropriate transfer has to be made. |