Template:Nutshell 1995 CSA 4(a): Difference between revisions

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*it must transfer any undisputed amount by close of business on the following {{csaprov|Settlement 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:
*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 {{csaprov|Reference Market-maker}}s 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|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 the {{csaprov|Value}} of {{csaprov|Credit Support}}''' recalculating the {{csaprov|Value}} as of the date of transfer under Paragraph {{csaprov|11(e)(ii)}}. <br />
**'''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.
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>

Latest revision as of 10:14, 3 August 2018

4(a) Disputed Calculations or Valuations. If a Disputing Party disputes any collateral call (the Value of either the Exposure or the Credit Support being transferred):

The Valuation Agent will notify each party by the Notification Time on the Local Business Day following the Resolution Time. Then the appropriate transfer has to be made.