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

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{{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>

Latest revision as of 15:16, 30 December 2019

1(b) Scope of this Annex and the Other CSA: Only Covered Transactions specified in Paragraph 11 will count towards “Exposure” under this Annex. Any Other CSA is therefore amended to exclude the Covered Transactions (and this Annex itself) from its “Exposure” calculation. Except where Credit Support Offsets applies, this Annex will not affect the parties’ initial margin obligations on Covered Transactions documented under any Other CSA.

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