Other CSA - CSA Provision: Difference between revisions
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{{fullanat|csa|Other CSA|2016}} | {{fullanat|csa|Other CSA|2016}} | ||
See also Paragraph {{csaprov|1(b)}}, which expounds itself thus: | |||
:''{{ISDA English Law Credit Support Annex 2016 1(b)}}'' | :''{{ISDA English Law Credit Support Annex 2016 1(b)}}'' | ||
Note also, that a [[credit support annex]] is not, by any lights, a {{isdaprov|Credit Support Document}} — rather it is a {{isdaprov|Transaction}} in its own right under the {{isdama}} — usually slap-dash work from the normally oh-so-fastidious ISDA boxwallahs. | |||
{{sa}} | |||
*Paragraph {{csaprov|1(b)}} for the context. |
Revision as of 11:58, 29 July 2019
See also Paragraph 1(b), which expounds itself thus:
- 1(b) Scope of this Annex and the Other CSA: 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 CSA, 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 CSA, if any, with respect to Transactions that are Covered Transactions.
Note also, that a credit support annex is not, by any lights, a Credit Support Document — rather it is a Transaction in its own right under the ISDA Master Agreement — usually slap-dash work from the normally oh-so-fastidious ISDA boxwallahs.
See also
- Paragraph 1(b) for the context.