Covered Transaction - VM CSA Provision

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CSA Anatomy™

Covered Transaction” has the meaning specified in Paragraph 11(b).
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Covered Transactions as a concept only arrives in the 2016 VM CSA. Until then, the neatest way of describing whether a given set of Transactions are covered or not is to say something like: “ [SPECIFY] Transactions will [not] be relevant for purposes of determining ““Exposure”” under the 1995 CSA. ”