Template:Csacapsule 1: Difference between revisions

Latest revision as of 14:56, 30 December 2019

Nomenclature: Being an annex to an ISDA Master Agreement, references to the “Agreement” means that particular ISDA Master Agreement; the “{{{{{1}}}prov|Annex}}” is the {{{{{1}}}}} and, if you were pedantic enough that you really felt the need to refer to it, the “Schedule” is the schedule to the ISDA Master Agreement.
Covered Transaction: As a concept, “Covered Transaction” only arrived in the 2016 VM CSA, in Paragraph 1(b).

Under the 1995 CSA, the neatest way of describing whether a given set of Transactions is covered or not is to say something like:

“[SPECIFY] Transactions will [not] be relevant for purposes of determining “Exposure” under the 1995 CSA.”

@@ Line 1: / Line 1: @@
-'''Nomenclature''': Being an [[annex]] to an {{isdama}}, references to the “{{isdaprov|Agreement}}” means that particular {{isdama}}; the “{{{{{1}}}prov|Annex}}” is the {{{1}}} 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}}.
+'''Nomenclature''': Being an [[annex]] to an {{isdama}}, references to the “{{isdaprov|Agreement}}” means that particular {{isdama}}; the “{{{{{1}}}prov|Annex}}” is the {{{{{1}}}}} 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}}. <br>
+{{csacapsule 1(b)}}
-{{vmcsaprov|Covered Transaction}}, as a concept, only arrived in the {{vmcsa}}. Under the {{csa}}, the neatest way of describing whether a given set of {{isdaprov|Transaction}}s are covered or not is to say something like:
-“[SPECIFY] Transactions will [not] be relevant for purposes of determining “[[Exposure - CSA Provision|Exposure]]” under the {{csa}}.” <br>