Transferee - VM CSA Provision

2016 ISDA Credit Support Annex (VM) (English law) A Jolly Contrarian owner’s manual™ Resources and navigation Resources Full wikitext | Nutshell wikitext Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables) Index: Click ᐅ to expand: 2016 VM CSA 2018 CSD 1995 CSA Paragraph Transferee in a Nutshell™ Use at your own risk, campers! “Transferee” means, on a Valuation Date, the party whose Exposure is positive and, who owes a Credit Support Balance (VM) to the other party. view template Full text of Paragraph Transferee “Transferee” means, in relation to each Valuation Date, the party in respect of which Exposure is a positive number and, in relation to a Credit Support Balance (VM), the party which, subject to this Annex, owes such Credit Support Balance (VM) or, as the case may be, the Value of such Credit Support Balance (VM) to the other party. view template 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.

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Summary

The one receiving Eligible Credit Support on any Valuation Date, basically ... which most people with a reading age above seven would deduce from the word “transferee”. But for nervous types, and we know there are one or two, among the legions of negotiators in the world — for the next twenty minutes, indulge yourselves. But at least that twenty minutes would yield something. The ISDA definition of Transferor, by contrast, is an utter bust.

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See also

• Transferor
• Transaction terminations and VM

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