Credit Support - IM CSD Provision

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2018 IM CSD Anatomy™
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No, there is no such term

I know, I know: the term Credit Support does not appear in the 2018 English law IM CSD. But really, it should. If it did, one could avoid a wealth of wasted flannel: “Eligible Credit Support or Equivalent Credit Support as the case may be” kind of thing. And “Delivery Amount or Return Amount as the case may be”.

But when a golden opportunity presents itself, what kind of lawyer can resist spreading flannel far and wide, honestly?

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