Variation margin provided Sample Clauses

Variation margin provided. The car- rying value of variation margin pro- vided by the national bank or Federal savings association under each deriva- tive transaction not subject to a quali- fying master netting agreement and each QMNA netting set, to the extent the variation margin reduces the na- tional bank’s or Federal savings asso- ciation’s derivatives liability value under the derivative transaction or QMNA netting set, as calculated under paragraph (f)(2) of this section, multi- plied by an RSF factor of zero percent;