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In a Nutshell™ Section Transferee:
“Transferee” means, on a Valuation Date, the party whose Exposure is positive and, who owes a Credit Support Balance (VM) to the other party.
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2016 VM CSA full text of Section Transferee:
“Transferee” means, in relation to each Valuation Date, the party in respect of which Exposure is a positive number and, in relation to a Credit Support Balance (VM), the party which, subject to this Annex, owes such Credit Support Balance (VM) or, as the case may be, the Value of such Credit Support Balance (VM) to the other party.
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Related Agreements
Click here for the text of Section Transferee in the 1995 English Law CSA
Click here for the text of Section Transferee 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 Transferee
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