Representation - VM CSA Provision

2016 VM CSA Anatomy™ →Go uptown In a Nutshell™ Section 7: Paragraph 7. Representation Each party represents on each transfer date that it has the right to transfer all property it transfers under this Annex, free of any encumbrance (other than a customary clearing system lien). view template 2016 VM CSA full text of Section 7: Paragraph 7. Representation Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support (VM), Equivalent Credit Support (VM) or Equivalent Distributions) that it is the sole owner of or otherwise has the right to transfer all Eligible Credit Support (VM), Equivalent Credit Support (VM) or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system). view template Related Agreements Click here for the text of Section 7 in the 1995 English Law CSA Click here for the text of Section 7 in the 2016 English Law VM CSA Click here for the text of the equivalent, Section 8 in the 2016 NY Law VM CSA Comparisons 1995 CSA and 2016 VM CSA: click for comparison Template:Nycsadiff 8 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 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.

Substantively identical between the 1995 CSA and 2016 VM CSA, as the handy comparison link in the panel to the right. Template:Clearing system liens