(If any)

A two-word motif that, as much as any other, belies an attorney’s deep existential fear of his own language. It speaks of a nervousness that, should a dependent clause bite on something that isn’t there, somehow the whole linguistic edifice — even the mantle of the sky itself — will come crashing down.

Why say “Each Other CSA, if any,” when you mean “Any Other CSA”?

Consider how it stymies the natural flow of a sentence, but remember: while you or I might think it resembles grinding gears, to our friend the happy counsel it is a percussive feature; a syncopated rim-shot in the great jungle beat of the law.

Rejoice in this recently-minted example from the brow of those excellent folk at ISDA:

1(b) Scope of this Annex and the Other CSA: The only Transactions which will be relevant for the purposes of determining “Exposure” under this Annex will be the Covered Transactions specified in Paragraph 11. Each Other CSA, if any, is hereby amended such that the Transactions that will be relevant for purposes of determining “Exposure” thereunder, if any, will exclude the Covered Transactions and the Transaction constituted by this Annex. Except as provided in Paragraph 9(h), nothing in this Annex will affect the rights and obligations, if any, of either party with respect to “independent amounts” or initial margin under each Other CSA, if any, with respect to Transactions that are Covered Transactions.