Credit Support - CSA Provision

CSA Anatomy™ →Go uptown Resources Full wikitext | Nutshell wikitext English Law | 1 Interpretation | 2 Credit Support Obligations | 3 Transfers, Calculations and Exchanges | 4 Dispute Resolution | 5 Transfer of Title, No Security Interest, Distributions and Interest Amount | 6 Default | 7 Representation | 8 Expenses | 9 Miscellaneous | 10 Definitions | 11 Elections and Variables · Base Currency and Eligible Currency · Credit Support Obligations · Valuation and Timing · Exchange Date · Dispute Resolution · Distributions and Interest Amount · Addresses for Transfers · Credit Support Offsets · Other CSA 2018 ISDA Credit Support Deed for Initial Margin Index: Click ᐅ to expand: 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.

No, there is no such term

I know, I know: the term Credit Support does not appear in the 1995 CSA. 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?