Credit Support - CSA Provision
CSA Anatomy™
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This term does not appear in the 1995 CSA but it really 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?