Demands and Notices - VM CSA Provision

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2016 ISDA VM CSA Anatomy


In a NutshellTM Section 9(c):

9(c) Demands and Notices. Section 12 of the ISDA Master Agreement applies.
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2016 ISDA VM CSA full text of Section 9(c):

9(c) Demands and Notices. All demands and notices given by a party under this Annex will be given as specified in Section 12 of this Agreement.
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Related Agreements
Click here for the text of Section 9(c) in the 1995 English Law CSA
Click here for the text of Section 9(c) in the 2016 English Law VM CSA
Click here for the text of the equivalent, Section 11(c) in the 2016 NY Law VM CSA
Comparisons
1995 English Law CSA and 2016 English law VM CSA: click for comparison
Template:Nycsadiff 11(c)
Resources Full wikitext | Nutshell wikitext
Navigation 1 (Interpretation) | 2 (Credit Support Obligations) | 3 (Transfers, Calculations and Exchanges) | 4 (Dispute Resolution) | 5 (Title Transfer etc) | 6 (Default) | 7 (Representation) | 8 (Expenses) | 9 (Miscellaneous) | 10 (Definitions) | 11 (Elections and Variables)

Presented with a once-in-twenty-year opportunity, ISDA’s crack drafting squadTM threw the kitchen sink at this one and revolutionised this vital Demands and Notices clause.

It would have been fun being a fly on the wall in ISDA’s Sistine chapel when the derivative cardinals thrashed this one out, don’t you reckon?