Template:ISDA English Law Credit Support Annex 2016 1(b): Difference between revisions

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{{csaprov|1(b)}} '''{{csaprov|Scope of this Annex and the Other CSA}}''': The only {{isdaprov|Transaction}}s which will be relevant for the purposes of determining “{{csaprov|Exposure}}” under this {{csaprov|Annex}} will be the {{csaprov|Covered Transaction}}s specified in Paragraph {{csaprov|11}}. Each {{csaprov|Other CSA}}, [[if any]], is hereby amended such that the {{isdaprov|Transaction}}s that will be relevant for purposes of determining “{{csaprov|Exposure}}” thereunder, [[if any]], will exclude the {{csaprov|Covered Transaction}}s and the {{isdaprov|Transaction}} constituted by this {{csaprov|Annex}}. Except as provided in Paragraph {{csaprov|9(h)}}, nothing in this {{csaprov|Annex}} will affect the rights and obligations, [[if any]], of either party with respect to “[[independent amount]]s” or [[initial margin]] under each {{csaprov|Other CSA}}, [[if any]], with respect to {{isdaprov|Transaction}}s that are {{csaprov|Covered Transaction}}s. <br>
{{vmcsaprov|1(b)}} '''{{vmcsaprov|Scope of this Annex and the Other vmcsa}}''': The only {{isdaprov|Transaction}}s which will be relevant for the purposes of determining “{{vmcsaprov|Exposure}}” under this {{vmcsaprov|Annex}} will be the {{vmcsaprov|Covered Transaction}}s specified in Paragraph {{vmcsaprov|11}}. Each {{vmcsaprov|Other vmcsa}}, [[if any]], is hereby amended such that the {{isdaprov|Transaction}}s that will be relevant for purposes of determining “{{vmcsaprov|Exposure}}” thereunder, [[if any]], will exclude the {{vmcsaprov|Covered Transaction}}s and the {{isdaprov|Transaction}} constituted by this {{vmcsaprov|Annex}}. Except as provided in Paragraph {{vmcsaprov|9(h)}}, nothing in this {{vmcsaprov|Annex}} will affect the rights and obligations, [[if any]], of either party with respect to “[[independent amount]]s” or [[initial margin]] under each {{vmcsaprov|Other vmcsa}}, [[if any]], with respect to {{isdaprov|Transaction}}s that are {{vmcsaprov|Covered Transaction}}s. <br>

Revision as of 12:27, 2 December 2019

1(b) Scope of this Annex and the Other vmcsa: The only Transactions which will be relevant for the purposes of determining “Exposure” under this Annex will be the Covered Transactions specified in Paragraph 11. Each Other vmcsa, if any, is hereby amended such that the Transactions that will be relevant for purposes of determining “Exposure” thereunder, if any, will exclude the Covered Transactions and the Transaction constituted by this Annex. Except as provided in Paragraph 9(h), nothing in this Annex will affect the rights and obligations, if any, of either party with respect to “independent amounts” or initial margin under each Other vmcsa, if any, with respect to Transactions that are Covered Transactions.

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