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	''Between English law and New York law'': The New York version also has a Para 1(b) explain what the reference to Secured Parties is all about, which are not germane to the title transfer-style English law versions of the Annex.		''Between English law and New York law'': The New York version also has a Para 1(b) explain what the reference to Secured Parties is all about, which are not germane to the title transfer-style English law versions of the Annex.

			''VM versus IM'': The {{imcsd}} is, unusually for an English law document, a security interest arrangement which does not count as a Transaction. To clarity in the Interpretation section as to all of this.