Credit support
A word about credit risk mitigation
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A generic expression for guarantees, letters of credit, and other miscellaneous, divers and weird & wonderful collateral arrangements one puts in place to mitigate the credit exposure one takes to ones counterparty entering into derivatives and other capital markets trading arrangements.
See also
- Financial Collateral Directive
- Guarantee
- Letter of credit
- Credit Support Annex - the ISDA document for transferring credit support