In a Nutshell™ Section 1(b):
Template:Nutshell 2016 NY CSA 1(b)
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2016 NY VM CSA full text of Section 1(b):
1(b) Secured Party and Pledgor. All references in this Annex to the “Secured Party” will be to either party when acting in that capacity and all corresponding references to the “Pledgor” will be to the other party when acting in that capacity; provided, however, that if Other Posted Support (VM) is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support (VM) will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.
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Related Agreements
Click here for the text of Section 1(b) in the 1994 New York law CSA
There is no equivalent to this provision in either the 1995 CSA or the 2016 VM CSA
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