Eligible Credit Support (VM) - CSA Provision

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2016 ISDA Credit Support Annex (VM) (English law)

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Eligible Credit Support in a Nutshell

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Eligible Credit Support in all its glory

Eligible Credit Support (VM)” means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(c)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in part of such securities by the relevant issuer.

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Overview

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Fulfils the same function as Eligible Credit Support in any of the other microvariations of the credit support document in the ISDA extended universe. Where you expect to specify different types of Credit Support which are in, or out, of contention, you put that in your Paragraph 11 and/or 13 as the case may be.

Summary

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See also

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References