Specifications of Certain Matters - CSA Provision
ISDA 1995 English Law Credit Support Annex
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One from the “well, I’ll be blowed” school of legal expression wherein ISDA’s crack drafting squad™ states the bleeding obvious for the benefit of those timid types who — despite being schooled in its weft and warp — don’t quite trust the common law to deliver elementary common sense.
On the one hand, you can see where they’re coming from — this is the same common law which concluded[1] email is not an electronic messaging system, after all - but on the other hand come on.
Thanks for phoning it in, team.