User:Amwelladmin: Difference between revisions

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[Subject to the terms provided below, the Prime Brokerage Agreement, and not any CSA, shall be the governing agreement for the purpose of determining the margin requirements (including the “Margin Amount (IA)” (as defined in the Reg IM Agreement)) with respect to any Covered Transaction other than: (i) variation margin requirements and (ii) regulatory initial margin requirements in respect of “Covered Transactions (IM)” (as defined in the Reg IM Agreement) (“Reg IM”). Accordingly, unless otherwise agreed, UBS may demand, under the Prime Brokerage Agreement in accordance with their terms, any “Margin Amount (IA)” (as defined in the Reg IM Agreement) with respect to Covered Transactions that is in excess of the “Margin Amount (IM)” with respect to such Covered Transactions.]
[Subject to the terms provided below, the Prime Brokerage Agreement, and not any CSA, shall be the governing agreement for the purpose of determining the “Margin Amount (IA)” (as defined in the Reg IM Agreement) with respect to any Covered Transaction but not for determining: (i) variation margin requirements and (ii) the “Margin Amount (IM)” (as defined in the Reg IM Agreement). For the avoidance of doubt, unless otherwise agreed, any Margin Amount (IA) so determined shall be subject to the terms of the Reg IM Agreement, including but not limited to Paragraph 3(c)(iv)(C) thereof.]

Revision as of 12:20, 3 March 2021

[Subject to the terms provided below, the Prime Brokerage Agreement, and not any CSA, shall be the governing agreement for the purpose of determining the “Margin Amount (IA)” (as defined in the Reg IM Agreement) with respect to any Covered Transaction but not for determining: (i) variation margin requirements and (ii) the “Margin Amount (IM)” (as defined in the Reg IM Agreement). For the avoidance of doubt, unless otherwise agreed, any Margin Amount (IA) so determined shall be subject to the terms of the Reg IM Agreement, including but not limited to Paragraph 3(c)(iv)(C) thereof.]

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