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Template:Csa Credit Support Obligations summ: Difference between revisions
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The overall vibe of a | The overall vibe of a Credit Support Annex is ''self-help''. | ||
It is presumed on any day there will be a portfolio of Transactions outstanding under the ISDA (not counting the CSA itself, which under the English law construct, is also a “Transaction”, though it is not under a NY law construct), and these Transactions will each create a market exposure, and when those market exposures are summed, will create an overall “{{{{{1}}}|Exposure}}” owed by one party or the other. | It is presumed on any day there will be a portfolio of Transactions outstanding under the ISDA (not counting the CSA itself, which under the English law construct, is also a “Transaction”, though it is not under a NY law construct), and these Transactions will each create a market exposure, and when those market exposures are summed, will create an overall “{{{{{1}}}|Exposure}}” owed by one party or the other. | ||