Template:Csa SCSA summ

From The Jolly Contrarian
Revision as of 16:45, 8 July 2024 by Amwelladmin (talk | contribs) (Created page with "The 2013 Standard CSA (or “'''SCSA'''” — not to be confused, as it commonly is, with WWF’s ''Stone Cold Steve Austin'') as published by ISDA. A nice idea — to overhaul and standardise the old {{1994csa}} and bring it into the 21st century, but it died on the vine because, being ISDA, they couldn’t help overcomplicating it, and it turned out in light of Basel and IOSCO developments they’d bished the drafting<ref>See DRS’s Michael Beaton on that subje...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

The 2013 Standard CSA (or “SCSA” — not to be confused, as it commonly is, with WWF’s Stone Cold Steve Austin) as published by ISDA.

A nice idea — to overhaul and standardise the old 1994 NY CSA and bring it into the 21st century, but it died on the vine because, being ISDA, they couldn’t help overcomplicating it, and it turned out in light of Basel and IOSCO developments they’d bished the drafting[1] and then regulatory margin became a thing, so they re-hashed it as SCSA 2, that still didn’t work, and the SCSA is really only a curio these days. The state-of-the-art documents are the Modern CSAs.

  1. See DRS’s Michael Beaton on that subject (and many more besides) here.