Credit Support Balance - CSA Provision

Template:ISDA English Law Credit Support Annex Credit Support Balance (VM) Credit Support Balance
(View Template)

Commentary

Note that Interest Amounts and Distributions, so long as (i) they are held by the Transferee and not returned to the Transferor and (ii) they themselves are Eligible Credit Support, count towards the Credit Support Balance. Needless to say, if they are not themselves Eligible Credit Support (they will often be in the form of cash, so often(but not necessarily) will be), they aren't counted (but represent an amount due by Transferee to Transferor which would amount to Unpaid Amounts on an Event of Default etc, and for which Transferor would be an unsecured creditor.

Note, per the definition of Value, "items that are comprised in a Credit Support Balance and are not Eligible Credit Support" are valued at zero.

CSA Anatomy™ →Go uptown {{{2}}} Resources Full wikitext | Nutshell wikitext English Law | 1 Interpretation | 2 Credit Support Obligations | 3 Transfers, Calculations and Exchanges | 4 Dispute Resolution | 5 Transfer of Title, No Security Interest, Distributions and Interest Amount | 6 Default | 7 Representation | 8 Expenses | 9 Miscellaneous | 10 Definitions | 11 Elections and Variables · Base Currency and Eligible Currency · Credit Support Obligations · Valuation and Timing · Exchange Date · Dispute Resolution · Distributions and Interest Amount · Addresses for Transfers · Credit Support Offsets · Other CSA 2018 ISDA Credit Support Deed for Initial Margin Index: Click ᐅ to expand: CSA Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.