Template:Csa Transfers, Calculations and Exchanges comp

security interest CSAs: There is no such exact provision in the security interest CSAs. The equivalent provision is Paragraph 4 of the title transfer CSAs, “Conditions Precedent, Transfer Timing, Calculations and Substitutions”, but it works quite differently on account of it being a pledge and not title transfer.

title transfer CSAs: Aside from the tedious suffix action on the defined terms, the 2016 VM CSA provision is largely the same as for the 1995 CSA. They have binned a long doubt-avoiding disquisition about telexes and faxes in {{{{{1}}}|3(a)(iii)}} and to compensate have indulged in some unnecessary details in {{{{{1}}}|3(b)}} about what values and inputs the {{{{{1}}}|Valuation Agent}} may use in coming up with a valuation. A salutary thanks-for-phoning-in kind of effort.

Note, however, differences that are created by the different definitions of {{{{{1}}}|Settlement Day}} in the ’95, versus {{{{{1}}}|Regular Settlement Day}} in the ’16.