β¨ Legal Form Continuation
4394 NEW ZEALAND GAZETTE, No. 177 22 DECEMBER 2010
11(c)(ii).
"Valuation Percentage" means, for any item of Eligible Credit Support, the percentage specified in Paragraph 11(b)(ii).
"Valuation Time" has the meaning specified in Paragraph 11(c)(iii),
"Value" means, for any Valuation Date or other date for which Value is calculated, and subject to Paragraph 4 in the case of a dispute, with respect to:
(i) Eligible Credit Support comprised in a Credit Support Balance that is:
(A) an amount of cash, the Base Currency Equivalent of such amount multiplied by the applicable Valuation Percentage, if any; and
(B) a security, the Base Currency Equivalent of the bid price obtained by the Valuation Agent multiplied by the applicable Valuation Percentage if any; and
(ii) items that are comprised in a Credit Support Balance and are not Eligible Credit Support, zero.
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ποΈ
Form of Credit Support Annex
(continued from previous page)
ποΈ Governance & Central AdministrationLegal Form, Credit Support Annex, Financial Agreement, Transfer Procedures, Valuation
NZ Gazette 2010, No 177