1995 ISDA Credit Support Deed

ISDA 1995 English Law Credit Support Annex

A Jolly Contrarian owner’s manual™

The varieties of ISDA CSA
Subject	1994 NY	1995 Eng	2016 VM NY	2016 VM Eng	2018 IM Eng
Preamble	Pre	Pre	Pre	Pre	Pre
Interpretation	1	1	1	1	1
Security Interest	2	-	2	-	2
Credit Support Obligations	3	2	3	2	3
Transfers, Calculations and Exchanges	-	3	-	3	-
Conditions Precedent, Transfer Timing, Calculations and Substitutions	4	-	4	-	4
Dispute Resolution	5	4	5	4	5
Holding and Using Posted Collateral	6	-	6	-	6
Transfer of Title, No Security Interest	-	5	-	5	-
Events of Default	7	6	7	6	7
Rights and Remedies	8	-	8	-	8
Representations	9	7	9	7	9
Expenses	10	8	10	8	10
Miscellaneous	11	9	11	9	11
Definitions	12	10	12	10	12
Elections and Variables	13	11	13	11	13

Resources and Navigation

Index: Click ᐅ to expand: CSA

The rarely-talked-about, even-more-rarely-seen English law security interest credit support arrangement for an ISDA Master Agreement— to differentiate it from the English law 1995 CSA which is of course a title transfer document, meaning that there is no need for security interests, or for it to be a deed.

Not really a thing any more — to the extent it was ever really a thing — now we have the “modern CSAs” and in particular the 2018 English law IM CSD.

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