Template:Nutshell 2016 CSA 1(b): Difference between revisions

no edit summary
No edit summary
No edit summary
 
Line 1: Line 1:
{{vmcsaprov|1(b)}} '''{{vmcsaprov|Scope of this Annex and the Other CSA}}''': Only {{vmcsaprov|Covered Transaction}}s specified in Paragraph {{vmcsaprov|11}} will count towards “{{vmcsaprov|Exposure}}” under this {{vmcsaprov|Annex}}. Any {{vmcsaprov|Other CSA}}, is hereby amended to exclude these {{vmcsaprov|Covered Transaction}}s (and this {{vmcsaprov|Annex}} itself) from its “{{vmcsaprov|Exposure}}” calculation. Except where {{vmcsaprov|Credit Support Offsets}} applies, this {{vmcsaprov|Annex}} will not affect the parties’ rights and obligations as to “[[independent amount]]s” or [[initial margin]] under any {{vmcsaprov|Other CSA}} relating to {{vmcsaprov|Covered Transaction}}s. <br>
{{vmcsaprov|1(b)}} '''{{vmcsaprov|Scope of this Annex and the Other CSA}}''': Only {{vmcsaprov|Covered Transaction}}s specified in Paragraph {{vmcsaprov|11}} will count towards “{{vmcsaprov|Exposure}}” under this {{vmcsaprov|Annex}}. Any {{vmcsaprov|Other CSA}} is therefore amended to exclude the {{vmcsaprov|Covered Transaction}}s (and this {{vmcsaprov|Annex}} itself) from its “{{vmcsaprov|Exposure}}” calculation. Except where {{vmcsaprov|Credit Support Offsets}} applies, this {{vmcsaprov|Annex}} will ''not'' affect the parties’ [[initial margin]] obligations on {{vmcsaprov|Covered Transaction}}s documented under any {{vmcsaprov|Other CSA}}. <br>