Template:ISDA English Law Credit Support Annex 2016 Covered Transaction

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“Covered Transaction” has the meaning specified in Paragraph 11(b).

11(b) “Covered Transactions”

The term “Covered Transactions” as used in this Annex includes any Transaction specified below that is entered into on or after [……………….], except as otherwise provided in the Confirmation of such Transaction: For purposes of the foregoing, the term “Covered Transactions” includes: [Any Transaction [that is any of the following] Swap, Security-Based Swap, OTC Derivative, Physically Settled FX Forward or Physically Settled FX Swap [and is not any of the following]: Swap, Security-Based Swap, OTC Derivative, Physically Settled FX Forward or Physically Settled FX Swap

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