Template:Isda Credit Support Document summ: Difference between revisions
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A New York law CSA, being a [[Security financial collateral arrangement|“security interest” collateral arrangement]] — say what you will about [[rehypothecation]] — ''is'' a {{{{{1}}}|Credit Support Document}}. | A New York law CSA, being a [[Security financial collateral arrangement|“security interest” collateral arrangement]] — say what you will about [[rehypothecation]] — ''is'' a {{{{{1}}}|Credit Support Document}}. | ||
An English law CSA, being a [[Title transfer collateral arrangement|“title transfer” collateral arrangement]], is ''not'' a | An English law CSA, being a [[Title transfer collateral arrangement|“title transfer” collateral arrangement]], is ''not'' a {{{{{1}}}|Credit Support Document}}. | ||
An English law Credit Support Deed, which is a [[Security financial collateral arrangement|“security interest” collateral arrangement]] but does not have a rehypothecation right, is ... go on, see if you can guess: | An English law Credit Support Deed, which is a [[Security financial collateral arrangement|“security interest” collateral arrangement]] but does not have a rehypothecation right, is ... go on, see if you can guess: | ||
Oh, all right, an English Law Credit Support Deed ''is'' a | Oh, all right, an English Law Credit Support Deed ''is'' a {{{{{1}}}|Credit Support Document}}, too. | ||
If you want to know ''why'' this is the case — well, be a sport and stump up for the {{premium}} version and then you can find out! | If you want to know ''why'' this is the case — well, be a sport and stump up for the {{premium}} version and then you can find out! | ||
Revision as of 14:36, 16 July 2024
Being the document by which {{{{{1}}}|Credit Support}} is provided by a {{{{{1}}}|Credit Support Provider}}.
So one large and oddly baffling question is this:
Is a Credit Support Annex a “{{{{{1}}}|Credit Support Document}}”? It is, right? Isn’t it?
Well, some are, and some aren’t. Here is where JC gets all squirrelly on you. We can say this:
A New York law CSA, being a “security interest” collateral arrangement — say what you will about rehypothecation — is a {{{{{1}}}|Credit Support Document}}.
An English law CSA, being a “title transfer” collateral arrangement, is not a {{{{{1}}}|Credit Support Document}}.
An English law Credit Support Deed, which is a “security interest” collateral arrangement but does not have a rehypothecation right, is ... go on, see if you can guess:
Oh, all right, an English Law Credit Support Deed is a {{{{{1}}}|Credit Support Document}}, too.
If you want to know why this is the case — well, be a sport and stump up for the premium content version and then you can find out!