NA - VM CSA Provision

2016 ISDA Credit Support Annex (VM) (English law) A Jolly Contrarian owner’s manual™ Resources and navigation Resources Full wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables) Index: Click ᐅ to expand: 2016 VM CSA 2018 CSD 1995 CSA Paragraph NA in a Nutshell™ Use at your own risk, campers! Jog on, folks. view template Full text of Paragraph NA There is no Section NA of the 2016 VM CSA, you dolt. NA ... you know ... not applicable? view template Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Content and comparisons

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Summary

Section NA of the 2016 VM CSA is, to ISDA’s crack drafting squad™ what 4’33” is to the modern composer John Cage: a finest hour, a blessed relief; the thing for which the squad should, but will not be remembered, necessarily, but for which we should be grateful all the same — all the more so, even, since it was done selflessly, without vainglory and with no eye to the glories that accrue in posterity.

Section NA is the clause they didn’t draft; the double-negative they couldn’t wrangle; the torture they neglected to impose on the brow of the fledgling legal eagle.

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General discussion

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See also

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