Template:Csa Cash summ

The OG CSA is single currency only

You have to love, don’t you, the preparedness of ISDA’s crack drafting squad™ to contemplate a world in which the lawful currency of the United States might not be the U.S. dollar, given how sacred the U. S. dollar is to our American friends. This from a place that hasn’t changed the fundamental look or the even construction of the greenback since 1935. That’s when they put the pyramid with the all-seeing eye on it. Nothing to see here, folks.

One tres interessant difference between the 1994 NY CSA and the 1995 CSA is that the American version only contemplates a single currency. Because there is only one currency right?

This is what it is — to the extent the constituency trading on a NY CSA are US counterparties that will generally be what they want, and even for those who aren’t, that will generally be what they want, or at least are prepared to put up with, but note it in any case. If you fund in another currency, you might think about using the 2016 NY VM CSA, which does contemplate multiple currencies (but doesn’t contemplate IM) — or at least borrowing some language from it.