2013 ISDA Standard Credit Support Annex: Difference between revisions

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{{a|csa|}}The 2013 Standard CSA (or “'''[[SCSA]]'''” — not to be confused, as it commonly is, with WWF’s ''Stone Cold Steve Austin'') as published by {{tag|ISDA}}. A nice idea — to overhaul and standardise the old {{1994csa}} and bring it into the 21st century, but it somewhat died on the vine because, being ISDA, they couldn't help badly overcomplicating it, and it turned out in light of Basel and IOSCO developments they’d quite badly bished the drafting<ref>See DRS’s Michael Beaton’s on that subject [http://www.drsllp.com/blog/standard-csa-lives-die-another-day/ here].</ref> and then [[regulatory margin]] was brought out, so they did it all again and the [[SCSA]] is really only a curio these days. The state-of-the-art document is the {{vmcsa}}.
{{a|csa|}}The 2013 Standard CSA (or “'''[[SCSA]]'''” — not to be confused, as it commonly is, with WWF’s ''Stone Cold Steve Austin'') as published by {{tag|ISDA}}. A nice idea — to overhaul and standardise the old {{1994csa}} and bring it into the 21st century, but it died on the vine because, being ISDA, they couldn't help overcomplicating it, and it turned out in light of Basel and IOSCO developments they’d bished the drafting<ref>See DRS’s Michael Beaton on that subject (and many more besides) [http://www.drsllp.com/blog/standard-csa-lives-die-another-day/ here].</ref> and then [[regulatory margin]] became a thing, so they re-hashed it as SCSA 2, that still didn't work, and the [[SCSA]] is really only a curio these days. The state-of-the-art document is the {{vmcsa}}.


{{Seealso}}
{{Seealso}}

Latest revision as of 11:41, 10 December 2018

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The 2013 Standard CSA (or “SCSA” — not to be confused, as it commonly is, with WWF’s Stone Cold Steve Austin) as published by ISDA. A nice idea — to overhaul and standardise the old 1994 NY CSA and bring it into the 21st century, but it died on the vine because, being ISDA, they couldn't help overcomplicating it, and it turned out in light of Basel and IOSCO developments they’d bished the drafting[1] and then regulatory margin became a thing, so they re-hashed it as SCSA 2, that still didn't work, and the SCSA is really only a curio these days. The state-of-the-art document is the 2016 VM CSA.

See also

References

  1. ↑ See DRS’s Michael Beaton on that subject (and many more besides) here.
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