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Template:Csa definitions and inconsistency summ: Difference between revisions
Template:Csa definitions and inconsistency summ (view source)
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There is an interesting question as to what this might mean if your [[counterparty]] is also your banker, and you direct it to transfer [[credit support]] into the bank account you maintain with ''it'', meaning that legally the [[counterparty]] hasn’t done anything with the [[cash]] at all — not an unusual scenario, should you be a [[hedge fund]] and the [[counterparty]] your [[prime broker]] — but this will set your [[legal eagle]]s off again, and we don’t want that. We are just getting started. | There is an interesting question as to what this might mean if your [[counterparty]] is also your banker, and you direct it to transfer [[credit support]] into the bank account you maintain with ''it'', meaning that legally the [[counterparty]] hasn’t done anything with the [[cash]] at all — not an unusual scenario, should you be a [[hedge fund]] and the [[counterparty]] your [[prime broker]] — but this will set your [[legal eagle]]s off again, and we don’t want that. We are just getting started. | ||
====Nomenclature==== | |||
Being an [[annex]] to an {{isdama}}, references to the “{{isdaprov|Agreement}}” means that particular {{isdama}}; the “{{{{{1}}}|Annex}}” is the credit support annex and, if you were pedantic enough that you really felt the need to refer to it, the “{{isdaprov|Schedule}}” is the schedule to the {{isdama}}. | |||