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bivi24 · 10-03-2007, 08:37 AM

Been working on this paragraph for two days and still doesn't make sense in sapnish.....please help

Performance Assurance Provisions: On any day during the term of the Transaction(s) that the Performance Exposure of a Party exceeds its Collateral Threshold, then such Party may demand the other Party to transfer Collateral at least equal to such excess (the �Excess Exposure�). If on any day a Party holds Collateral which exceeds its Excess Exposure, then the other Party may demand return of such excess, together with interest (calculated at the Interest Rate specified below) from the date the Collateral was received up to, but excluding, the date it is returned

10-03-2007, 08:37 AM	#1
bivi24 Registered User Join Date: Sep 2007 Posts: 21 Rep Power: 18	OTC - Performance Assurance/Performance Exposure Been working on this paragraph for two days and still doesn't make sense in sapnish.....please help Performance Assurance Provisions: On any day during the term of the Transaction(s) that the Performance Exposure of a Party exceeds its Collateral Threshold, then such Party may demand the other Party to transfer Collateral at least equal to such excess (the �Excess Exposure�). If on any day a Party holds Collateral which exceeds its Excess Exposure, then the other Party may demand return of such excess, together with interest (calculated at the Interest Rate specified below) from the date the Collateral was received up to, but excluding, the date it is returned