Preamble - VM CSA Provision

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2016 VM CSA Anatomy™


In a Nutshell Section preamble:

2016 Credit Support Annex for Variation Margin (VM)
dated as of ……………………….
to the Schedule to the ISDA Master Agreement
dated as of ...........................................................
between
........................................................ and ....................................................
(“Party A”) (“Party B”)


This Annex supplements the ISDA Master Agreement as part of its Schedule. It is the Confirmation for a Transaction comprising the credit support arrangements under it.
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2016 VM CSA full text of Section preamble:

2016 Credit Support Annex for Variation Margin (VM)
dated as of ……………………….
to the Schedule to the ISDA Master Agreement
dated as of ...........................................................
between
........................................................ and ....................................................
(“Party A”) (“Party B”)


This Annex supplements, forms part of, and is subject to, the ISDA Master Agreement referred to above and is part of its Schedule. For the purposes of this Agreement, including, without limitation, Sections 1(c), 2(a), 5 and 6, the credit support arrangements set out in this Annex constitute a Transaction (for which this Annex constitutes the Confirmation).
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Related Agreements
Click here for the text of Section preamble in the 1995 English Law CSA
Click here for the text of Section preamble in the 2016 English Law VM CSA
Click [[{{{3}}} - NY VM CSA Provision|here]] for the text of the equivalent, Section [[{{{3}}} - NY VM CSA Provision|{{{3}}}]] in the 2016 NY Law VM CSA
Comparisons
1995 CSA and 2016 VM CSA: click for comparison
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