Template:Nutshell 2016 CSA 3(b): Difference between revisions

{{vmcsaprov|3(b)}} '''{{vmcsaprov|Calculations}}'''. The {{vmcsaprov|Valuation Agent}} will calculate {{vmcsaprov|Value}} and {{vmcsaprov|Exposure}} for Paragraph {{vmcsaprov|2}} and {{vmcsaprov|4(a)}} as of the {{vmcsaprov|Valuation Time}}. When calculating {{vmcsaprov|Value}}, it may use [[close of business]]{{vmcsaprov|Value}}s for the {{vmcsaprov|Eligible Credit Support (VM)}} as of the {{vmcsaprov|Valuation Time}}. When calculating {{vmcsaprov|Exposure}}, it may use [[close of business]] data in relevant markets as of the {{vmcsaprov|Valuation Time}}. The {{vmcsaprov|Valuation Agent}} will notify each party of its calculations by the {{vmcsaprov|Notification Time}} on the {{vmcsaprov|Local Business Day}} following the {{vmcsaprov|Valuation Date}} (or other calculation date). <br>