Template:Nutshell 2016 CSA 11(g): Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "{{vmcsaprov|11(g)}}''' {{vmcsaprov|Distributions and Interest Amount (VM)}}'''<br> :(i) '''{{vmcsaprov|Interest Rate (VM)}}'''. The “'''{{vmcsaprov|Interest Rate (VM)}}'''...") |
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:(i) '''{{vmcsaprov|Interest Rate (VM)}}'''. The “'''{{vmcsaprov|Interest Rate (VM)}}'''” in relation to each {{vmcsaprov|Eligible Currency}} specified above will be [SPECIFY].<br> | :(i) '''{{vmcsaprov|Interest Rate (VM)}}'''. The “'''{{vmcsaprov|Interest Rate (VM)}}'''” in relation to each {{vmcsaprov|Eligible Currency}} specified above will be [SPECIFY].<br> | ||
:(ii) '''{{vmcsaprov|Transfer of Interest Payment (VM) or application of Interest Amount (VM)}}'''. <br> | :(ii) '''{{vmcsaprov|Transfer of Interest Payment (VM) or application of Interest Amount (VM)}}'''. <br> | ||
::Interest Transfer: [Applies/does not apply].<br> | ::'''Interest Transfer''': [Applies/does not apply].<br> | ||
::Interest Payment Netting: [Applies/does not apply].<br> | ::'''Interest Payment Netting''': [Applies/does not apply].<br> | ||
::Interest Adjustment: [Applies/does not apply].<br> | ::'''Interest Adjustment''': [Applies/does not apply].<br> | ||
::For the purposes of Paragraph {{vmcsaprov|5(c)(ii)(B)}}, the {{vmcsaprov|Credit Support Balance (VM)}} will be adjusted by the {{vmcsaprov|Transferee}} on or prior to the third {{vmcsaprov|Local Business Day}} of the following calendar month. <br> | ::For the purposes of Paragraph {{vmcsaprov|5(c)(ii)(B)}}, the {{vmcsaprov|Credit Support Balance (VM)}} will be adjusted by the {{vmcsaprov|Transferee}} on or prior to the third {{vmcsaprov|Local Business Day}} of the following calendar month. <br> | ||
:(iii) Other Interest Elections.<br> | :(iii) '''Other Interest Elections'''.<br> | ||
::Negative Interest: [Applies/does not apply].<br> | ::'''Negative Interest''': [Applies/does not apply].<br> | ||
::Daily Interest Compounding: [Applies/does not apply].<br> | ::'''Daily Interest Compounding''': [Applies/does not apply].<br> | ||
:(iv) | :(iv) '''{{vmcsaprov|Alternative to Interest Amount (VM)}}'''. The provisions of Paragraph {{vmcsaprov|5(c)(ii)}} will apply.<br> | ||
Revision as of 11:50, 6 January 2020
11(g) Distributions and Interest Amount (VM)
- (i) Interest Rate (VM). The “Interest Rate (VM)” in relation to each Eligible Currency specified above will be [SPECIFY].
- (ii) Transfer of Interest Payment (VM) or application of Interest Amount (VM).
- Interest Transfer: [Applies/does not apply].
- Interest Payment Netting: [Applies/does not apply].
- Interest Adjustment: [Applies/does not apply].
- For the purposes of Paragraph 5(c)(ii)(B), the Credit Support Balance (VM) will be adjusted by the Transferee on or prior to the third Local Business Day of the following calendar month.
- Interest Transfer: [Applies/does not apply].
- (iii) Other Interest Elections.
- Negative Interest: [Applies/does not apply].
- Daily Interest Compounding: [Applies/does not apply].
- Negative Interest: [Applies/does not apply].
- (iv) Alternative to Interest Amount (VM). The provisions of Paragraph 5(c)(ii) will apply.