Equivalent Credit Support - CSA Provision: Difference between revisions

Equivalent Credit Support - CSA Provision (view source)

2 bytes added , 7 February 2013

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 This may have been based on a misapprehension that “Equivalent Credit Support” is already intended to allow redelivery of non-fungible securities of a similar type, and the modification is only clarificatory.
-There may be a need for the “similar securities” concept in the [[OTC=>CCP]] space, but we should call it something else – perhaps “Similar Credit Support” – to differentiate it from “Equivalent Credit Support” which is still needed in the CSA to support the title transfer analysis.
+There may be a need for the “similar securities” concept in the [[OTC to CCP]] space, but we should call it something else – perhaps “Similar Credit Support” – to differentiate it from “Equivalent Credit Support” which is still needed in the CSA to support the title transfer analysis.
 {{csaprov}}