Credit Support Balance definition

Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), Paragraph 3(c)(ii) or Paragraph 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.
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Credit Support Balance means on a Valuation Date:
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Credit Support Balance means the value of all eligible credit support that has been transferred by the Swap Counterparty to the Issuer and that has not been returned to the Swap Counterparty, in each case pursuant to the terms of the Swap Agreement.
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Examples of Credit Support Balance in a sentence

  • The provisions of Paragraph 4 will apply, except that, pending the resolution of a dispute, transfer of the undisputed Value of Eligible Credit Support or Credit Support Balance involved in the relevant demand will be due as provided in Paragraph 4 if the demand is made at or before the Notification Time but will be due on the second Local Business Day after the demand if the demand is made after the Notification Time.

  • The “Interest Rate” means, in relation to each Eligible Currency and in respect of an Interest Period, the rate of interest earned by the Transferee for such Interest Period on the principal amount of the portion of the Credit Support Balance comprised of cash in such currency.

  • For the avoidance of doubt, if Market Quotation is the applicable payment measure for purposes of Section 6(e), then the Market Quotation determined under Section 6(e) in relation to the Transaction constituted by this Annex will be deemed to be zero, and if Loss is the applicable payment measure for purposes of Section 6(e), then the Loss determined under Section 6(e) in relation to the Transaction will be limited to the Unpaid Amount representing the Value of the Credit Support Balance.

  • When no amounts are payable by the Transferor with respect to any obligations under the Agreement (except for any potential liability under Section 2(d) of the Agreement), the Transferee will transfer to the Transferor Equivalent Credit Support having a Value as close as practicable to the Credit Support Balance with respect to the Transferor and the Interest Amount, if any.

  • For the purpose of Paragraph 4(a)(4)(i)(C) and Paragraph 4(a)(4)(ii), the Value of the outstanding Credit Support Balance or of any transfer of Eligible Credit Support or Equivalent Credit Support, as the case may be, will be calculated as follows:‌ Disputes over Value will be resolved by the Valuation Agent seeking three bid quotes as of the relevant Valuation Date or date of Transfer from parties that regularly act as dealers in the securities or other property in question.


More Definitions of Credit Support Balance

Credit Support Balance shall have the meaning ascribed thereto in the Swap Agreement;
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Credit Support Balance means the "Credit Support Balance" or "Credit Support Balance (VM)" (or equivalent concept) as defined in the relevant ISDA Credit Support Annex;
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Credit Support Balance has the meaning given to it in the Credit Support Annex (if any);
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Credit Support Balance has the meaning given to the term “Credit Support Balance (VM)” in the Credit Support Annex, unless otherwise specified.
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Credit Support Balance means any Posted Collateral in respect of which the Secured Party has exercised its Right of Use and has not yet returned Equivalent Collateral to the Chargor pursuant to Paragraph 6(c) (as amended by Paragraph 13(h)(ii)) or 8(e), as the case may be.
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Credit Support Balance means, with respect to a Transferor on a Valuation Date, the aggregate of all Eligible Credit Support that has been transferred to or received by the Transferee under this Annex, together with any Distributions and all proceeds of any such Eligible Credit Support or Distributions, as reduced pursuant to Paragraph 2(b), 3(c)(ii) or 6. Any Equivalent Distributions or Interest Amount (or portion of either) not transferred pursuant to Paragraph 5(c)(i) or (ii) will form part of the Credit Support Balance.”
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Credit Support Balance means any Posted Collateral in respect of which the Secured Party has exercised its Right of Use and has not yet returned Equivalent Collateral to the Chargor pursuant to Paragraph 6(c) (as amended by Paragraph 13(h)(ii)) or 8(c), as the case may be.
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