Template:Csa Miscellaneous comp: Difference between revisions
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'''Ancient v modern''': The big change is the additional “Legally Ineligible Credit Support” business, and a slug of extra detail in the Default Interest section of the [[modern CSA]], largely there to account for the fever dream that was [[negative interest rates]]. See {{diff|85699|85650}}. | '''Ancient v modern''': The big change is the additional “Legally Ineligible Credit Support” business, and a slug of extra detail in the Default Interest section of the [[modern CSA]], largely there to account for the fever dream that was [[negative interest rates]]. See {{diff|85699|85650}}. | ||
'''NY VM CSA v Eng IM CDS''': Largely of a piece until Para {{{{{1}}}|11(f)}} when the dictates of NY law against Emnhlish, and directly posted VM versus custodied IM, take the two in very different directions. | '''NY VM CSA v Eng IM CDS''': Largely of a piece until Para {{{{{1}}}|11(f)}} when the dictates of NY law against Emnhlish, and directly posted VM versus custodied IM, take the two in very different directions. Why they couldn’t have titled the “Other Provisions” section “{{{{{1}}}|Miscellaneous}}”, as they have done in all other editions of the ISDA Credit Support Annex, we will just have to wonder. | ||
Latest revision as of 16:49, 13 May 2024
security interest CSA v title transfer CSA: The {{{{{1}}}|Miscellaneous}} terms are largely the same but for the {{{{{1}}}|Further Assurances}} and {{{{{1}}}|Further Protection}}, which are unique to the security interest CSAs, relating as they do to security interests. See comparison of the ancients and comparison of the moderns which, but for those aspects and the differing terminology, are pretty much the same.
Ancient v modern: The big change is the additional “Legally Ineligible Credit Support” business, and a slug of extra detail in the Default Interest section of the modern CSA, largely there to account for the fever dream that was negative interest rates. See comparison.
NY VM CSA v Eng IM CDS: Largely of a piece until Para {{{{{1}}}|11(f)}} when the dictates of NY law against Emnhlish, and directly posted VM versus custodied IM, take the two in very different directions. Why they couldn’t have titled the “Other Provisions” section “{{{{{1}}}|Miscellaneous}}”, as they have done in all other editions of the ISDA Credit Support Annex, we will just have to wonder.