General - NY VM CSA Provision

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In a NutshellTM Section Template:8nycsaprov:

Template:Nutshell 8 NY CSA 10(a) view template

Template:8nycsa full text of Section Template:8nycsaprov:

Template:ISDA New York Law Credit Support Annex 8 10(a) view template

Related Agreements
Click [[10(a) - Template:Not8NY CSA Provision|here]] for the text of Section Template:Not8nycsaprov in the [[Template:Not8 NY CSA Anatomy|Template:Not8 New York law CSA]]
Click here for the text of Section [[- CSA Provision|]] in the 1995 English Law CSA
Click here for the text of Section [[- VM CSA Provision|]] in the 2016 English Law VM CSA
Template:2nycsadiff 10(a)
2016 English law VM CSA and 2016 NY Law VM CSA: click for comparison
1995 English Law CSA and 2016 English law VM CSA: click for [[special:diff/{{{1}}}/{{{2}}}|comparison]]

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Differences between CSA versions

Template:Nycsa capsule 10(a)

English law CSAs

Paragraph 8 of the 2016 English law VM CSA is identical to the equivalent in the 1995 English Law CSA. Being a function of the common law of contract, not to mention common sense — why would someone else be liable for your costs and expenses of performing a contract unless it specifically said they would be? — it falls into the goes without saying category. But ISDA’s crack drafting squadTM said it anyway.

NY law CSA

Paragraph 10(a) of the 2016 NY Law VM CSA is largely the same as Paragraph 8 of the English law versions — it carries on in 10(b) and 10(c) to rabbit on a bit about Posted Collateral — but, neglects to specifically call out stamp duty. How to deal with stamp duties is the subject of Paragraphs 10(b) and 10(c), of which there is no equivalent in the English law document.