Template:Csa Eligible Collateral summ: Difference between revisions
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It looks like you can choose what you like, right, but CFTC rules in practice restrict it to cash in certain currencies. This is broadly analogous to what happens in Europe under [[EMIR]] and the other major regulatory regimes imposing margin requirements. You may wonder why regulatory VM is cash and regulatory IM is not, and {{premium}} subscribers can find out. | |||
{{{{{1}}}|Eligible Collateral}} — with or without the (VM) suffix, and finding it tremendously irritating as he does, JC will largely go without — is what is, or is not, acceptable to post under a CSA. In the olden days, this was all a bit fraught and accounted for much of the practical complication of the CSA, and which (in the JC’s eyes) made it a sort of primordial [[smart contract]], long before there were such things as smart contracts. | {{{{{1}}}|Eligible Collateral}} — with or without the (VM) suffix, and finding it tremendously irritating as he does, JC will largely go without — is what is, or is not, acceptable to post under a CSA. In the olden days, this was all a bit fraught and accounted for much of the practical complication of the CSA, and which (in the JC’s eyes) made it a sort of primordial [[smart contract]], long before there were such things as smart contracts. | ||