Credit Support Document - ISDA Provision: Difference between revisions
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Revision as of 14:24, 16 July 2024
Overview
No changes between the versions of this rather unnecessary definition. The men and women of ISDA’s crack drafting squad™ must have stood back and admired the handiwork of their 1992 forebears, high-fived each other and gone, “nice job, dudes and dudettes”.
Summary
Being the document by which “Credit Support” is provided by a Credit Support Provider.
So one large and oddly baffling question is this:
Is a Credit Support Annex a “Credit Support Document”? It is, right? Isn’t it?
Well, some are, and some aren’t. Here is where JC gets all squirrelly on you. We can say this:
A New York law CSA, being a “security interest” collateral arrangement — say what you will about rehypothecation — is a Credit Support Document.
An English law CSA, being a “title transfer” collateral arrangement, is not a Credit Support Document.
An English law Credit Support Deed, which is a “security interest” collateral arrangement but does not have a rehypothecation right, is ... go on, see if you can guess:
Oh, all right, an English Law Credit Support Deed is a Credit Support Document, too.
If you want to know why this is the case — well, be a sport and stump up for the premium content version and then you can find out!
Premium content
Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics👇
So much ninjery. |
See also
References
2002 ISDA Master Agreement A Jolly Contrarian owner’s manual™ Credit Support Document in all its glory
Related agreements and comparisons
Resources and Navigation
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Overview
No changes between the versions of this rather unnecessary definition. The men and women of ISDA’s crack drafting squad™ must have stood back and admired the handiwork of their 1992 forebears, high-fived each other and gone, “nice job, dudes and dudettes”.
Summary
Premium content
Here the free bit runs out. Subscribers click 👉 here. New readers sign up 👉 here and, for ½ a weekly 🍺 go full ninja about all these juicy topics 👇
|
- The JC’s famous Nutshell™ summary of this clause