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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. 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. | |||