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| Term
|
1994 NY Law CSA
|
1995 English Law CSA
|
| Governing Law
|
New York
|
England and Wales
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| Collateral Transfer Model
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Pledge
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Outright title transfer
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| Eligible collateral
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Cash, government securities, corporate bonds
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Cash, government securities, corporate bonds
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| Owner of posted collateral
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Collateral Provider
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Collateral Receiver
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| Holder of posted collateral
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Collateral Receiver
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Collateral Receiver
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| Holder’s right to reuse collateral
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Rehypothecation by holder allowed if enabled in the CSA
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Unlimited (return obligation is “equivalent” securities only)
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