Template:Nutshell 2016 CSA Exposure: Difference between revisions

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A party’s “'''{{csaprov|Exposure}}'''” means the amount it would pay (a positive {{csaprov|Exposure}}) or receive (a negative {{isdaprov|Exposure}}) if all {{csaprov|Covered Transactions}} other than the CSA were terminated following a {{isdaprov|Termination Event}} where the other party was the {{isdaprov|One Affected Party}}, the {{csaprov|Base Currency}} was the {{isdaprov|Termination Currency}}; and the Valuation Agent made the relevant valuations on the party’s behalf using mid-market estimates of the amounts that would required under the relevant {{isdama}}. <br>
A party’s “'''{{vmcsaprov|Exposure}}'''” means the amount it would pay (a positive {{vmcsaprov|Exposure}}) or receive (a negative {{isdaprov|Exposure}}) if all {{vmcsaprov|Covered Transactions}} other than the CSA were terminated as at the {{vmcsaprov|Valuation Time}} following a {{isdaprov|Termination Event}} where the other party was the {{isdaprov|One Affected Party}}, the {{vmcsaprov|Base Currency}} was the {{isdaprov|Termination Currency}}; and the {{vmcsaprov|Valuation Agent}} made the relevant valuations on the party’s behalf using mid-market estimates of the amounts that would required under the relevant {{isdama}}. <br>

Revision as of 00:13, 30 December 2019

A party’s “Exposure” means the amount it would pay (a positive Exposure) or receive (a negative Exposure) if all Covered Transactions other than the CSA were terminated as at the Valuation Time following a Termination Event where the other party was the One Affected Party, the Base Currency was the Termination Currency; and the Valuation Agent made the relevant valuations on the party’s behalf using mid-market estimates of the amounts that would required under the relevant ISDA Master Agreement.

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