Valuation Percentage - CSA Provision

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CSA Anatomy

In a Nutshell Section Valuation Percentage:

"Valuation Percentage” is specified in Paragraph 11(b)(ii) for each item of Eligible Credit Support.
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1995 ISDA CSA full text of Section Valuation Percentage:

"Valuation Percentage” means, for any item of Eligible Credit Support, the percentage specified in Paragraph 11(b)(ii).
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Related Agreements
Click here for the text of Section Valuation Percentage in the 1995 English Law CSA
Click here for the text of Section Valuation Percentage 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
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Resources Full wikitext | Nutshell wikitext
Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables)

Index: Click to expand:

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To be differentiated from an Independent Amount, the Valuation Percentage is the haircut applied to the valuation of any assets posted as Credit Support under a 1995 English Law CSA. So it is a deduction in the value of credit support provided, whereas an Independent Amount is an addition to the mark-to-market exposure under a Transaction.