Examples of Initial Payment Amount in a sentence
The "Initial Payment Amount", other than in relation to CDS Contracts arising pursuant to the Clearing of CDS Trade Particulars in respect of Bilateral CDS Transactions already recorded in Deriv/SERV.
In such event, no corresponding Initial Payment Amount or Fixed Amount shall be payable in respect of such Cleared Transactions.
If any Initial Payment Amount or Fixed Amount is due and payable under the terms of an Original Transaction on or before the Clearing Day on which the related Cleared Transactions are created by novation pursuant to Title III ( Clearing Operations) of the CDS Clearing Rule Book, such amount shall be payable under and in accordance with the terms of such Original Transaction.
On the Issue Date, the Issuer will pay the Performance Counterparty the Initial Payment Amount.
Counterparty shall pay the Counterparty Initial Payment Amount to Citibank on the Initial Exchange Date.