Preamble - VM CSA Provision: Difference between revisions

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{{Csa transaction versus credit support document}}

Revision as of 08:55, 15 October 2020

2016 ISDA Credit Support Annex (VM) (English law)
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Paragraph Preamble in a Nutshell

Use at your own risk, campers!
2016 Credit Support Annex for Variation Margin (VM)
dated as of ……………………….
to the Schedule to the ISDA Master Agreement
dated as of ...........................................................
between
........................................................ and ....................................................
(“Party A”) (“Party B”)


This Annex supplements the ISDA Master Agreement as part of its Schedule. It is the Confirmation for a Transaction comprising the credit support arrangements under it.

Full text of Paragraph Preamble

2016 Credit Support Annex for Variation Margin (VM)
dated as of ……………………….
to the Schedule to the ISDA Master Agreement
dated as of ...........................................................
between
........................................................ and ....................................................
(“Party A”) (“Party B”)


This Annex supplements, forms part of, and is subject to, the ISDA Master Agreement referred to above and is part of its Schedule. For the purposes of this Agreement, including, without limitation, Sections 1(c), 2(a), 5 and 6, the credit support arrangements set out in this Annex constitute a Transaction (for which this Annex constitutes the Confirmation).


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Content and comparisons

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Summary

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See also

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References