| Term
|
1994 NY Law CSA
|
1995 English Law CSA
|
| Governing Law
|
New York
|
England and Wales
|
| Collateral Transfer Model
|
Pledge
|
Outright title transfer
|
| Eligible collateral
|
Cash, government securities, corporate bonds
|
Cash, government securities, corporate bonds
|
| Owner of posted collateral
|
Collateral Provider
|
Collateral Receiver
|
| Holder of posted collateral
|
Collateral Receiver
|
Collateral Receiver
|
| Holder’s right to reuse collateral
|
Rehypothecation by holder allowed if enabled in the CSA
|
Unlimited (return obligation is “equivalent” securities only)
|