Template:Nutshell 2018 CSD 1(b)

1(b) Secured Party and Chargor. “Secured Party” means either party when acting in that capacity and corresponding references to the “Chargor” means the other party when acting in that capacity. Posted Credit Support (IM) that is described as “held” by a Secured Party means it has been credited to the Segregated Accounts with a Security Interest in that party’s favour under this Deed. References to transfers of assets to or from the Custodian (IM) means transfer to or from the relevant Segregated Accounts.