Exposure Collateral definition
Exposure Collateral means money, securities or property posted by a party to secure its obligations pursuant to the terms of a swap agreement, the amount of which is based on an estimate of the net mark-to-market exposure of all transactions under the master swap agreement.
Examples of Exposure Collateral in a sentence
Excess Exposure Collateral shall be provided in Dollars based on the Exchange Rate, unless, in the case of any Applicable Issuing Bank with Excess Exposure, such Applicable Issuing Bank otherwise agrees in its discretion.