Template:Csa Conditions Precedent summ

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Revision as of 12:44, 5 May 2024 by Amwelladmin (talk | contribs) (Created page with "====''Another'' flawed asset clause?==== Aren’t the Conditions precedent dealt with in Section {{isdaprov|2(a)(iii)}} of the ISDA? Well, they are — if your credit support annex counts as a Transaction under the ISDA, which the ''title transfer'' CSAs do (eg, the English law {{1995csa}} and the {{2016csa}}), but the ''security interest'' CSAs (the New York law {{1994csa}} and {{2016nycsa}} and the English law {{2018imcsd}}) do not.")
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Another flawed asset clause?

Aren’t the Conditions precedent dealt with in Section 2(a)(iii) of the ISDA?

Well, they are — if your credit support annex counts as a Transaction under the ISDA, which the title transfer CSAs do (eg, the English law 1995 CSA and the 2016 VM CSA), but the security interest CSAs (the New York law 1994 NY CSA and 2016 NY VM CSA and the English law 2018 IM CSD) do not.

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