calculation agent การใช้

• Markit administered the CDX family of indices and acting as the calculation agent for the iTraxx indices.
• On 20 November 2016 Thomson Reuters was approved as the SAIBOR administrator and calculation agent by SAMA.
• A significant development has also been the appointment by the Bankers Association of the Philippines of PDEx as the Official Calculation Agent for new Philippine fixed income interest rate benchmarks.
• By market convention, in contracts between CDS dealers and end-users, the dealer is generally the calculation agent, and in contracts between CDS dealers, the protection seller is generally the calculation agent.
• By market convention, in contracts between CDS dealers and end-users, the dealer is generally the calculation agent, and in contracts between CDS dealers, the protection seller is generally the calculation agent.
• It is not the responsibility of the calculation agent to determine whether or not a credit event has occurred but rather a matter of fact that, pursuant to the terms of typical contracts, must be supported by " publicly available information " delivered along with a " credit event notice ".
• The confirmation also specifies a " calculation agent " who is responsible for making determinations as to " successors " and " substitute reference obligations " ( for example necessary if the original reference obligation was a loan that is repaid before the expiry of the contract ), and for performing various calculation and administrative functions in connection with the transaction.
• Floating Rate Payment Events ( Failure to pay Principal, Interest Shortfall, Writedown ) Notice of settlement can be sent by Calculation Agent and / or the Buyer of Protection For Failure to Pay Principal and Writedown, the difference between this being a Credit Event and a Floating Rate Payment Event is that when an event occurs the buyer chooses to cash settle and the trade continues ( pay as you go ).