Distributions and Interest Amount (VM) - VM CSA Provision

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In a Nutshell Section 11(g):

11(g) Distributions and Interest Amount (VM)

(i) Interest Rate (VM). The “Interest Rate (VM)” for each Eligible Currency 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 by the third Local Business Day of the following calendar month.
(iii) Other Interest Elections.
Negative Interest: [Applies/does not apply].
Daily Interest Compounding: [Applies/does not apply].
(iv) Alternative to Interest Amount (VM). The provisions of Paragraph 5(c)(ii) will apply.

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2016 VM CSA full text of Section 11(g):

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.
(iii) Other Interest Elections.
Negative Interest: [Applies/does not apply].
Daily Interest Compounding: [Applies/does not apply].
(iv) Alternative to Interest Amount (VM). The provisions of Paragraph 5(c)(ii) will apply.

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Related Agreements
Click here for the text of Section 11(g) in the 1995 English Law CSA
Click here for the text of Section 11(g) in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
Template:Csadiff 11(g)
{{nycsadiff {{{3}}}}}

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