Template:Nutshell 2016 CSA 2(a): Difference between revisions

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{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}. The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br>
{{vmcsaprov|2(a)}} '''{{vmcsaprov|Delivery Amount}}'''. If the {{vmcsaprov|Transferee}} demands a {{vmcsaprov|Delivery Amount}} at least equal to the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Minimum Transfer Amount}} on (or following) a {{vmcsaprov|Valuation Date}}, the {{vmcsaprov|Transferor}} must transfer {{vmcsaprov|Eligible Credit Support}} with a {{vmcsaprov|Value}} of the {{vmcsaprov|Delivery Amount}} (rounded under Paragraph {{vmcsaprov|11(c)(vi)(B)}}) to the {{vmcsaprov|Transferee}}. The “'''{{vmcsaprov|Delivery Amount}}'''” is the amount by which the {{vmcsaprov|Transferee}}’s {{vmcsaprov|Exposure}} exceeds the {{vmcsaprov|Value}} of the {{vmcsaprov|Transferor}}’s {{vmcsaprov|Credit Support Balance}} on that {{vmcsaprov|Valuation Date}} (adjusted for pending but unsettled transfers). <br>