Good Faith and Commercially Reasonable Manner - CSA Provision

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ISDA 1995 English Law Credit Support Annex


In a Nutshell Section 9(b):

9(b) Good Faith and Commercially Reasonable Manner. The parties must perform all obligations under this Annex, in good faith and in a commercially reasonable manner.
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1995 CSA full text of Section 9(b):

9(b) Good Faith and Commercially Reasonable Manner. Performance of all obligations under this Annex, including, but not limited to, all calculations, valuations and determinations made by either party, will be made in good faith and in a commercially reasonable manner.
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Related Agreements
Click here for the text of Section 9(b) in the 1995 English Law CSA
Click here for the text of Section 9(b) in the 2016 English Law VM CSA
Click here for the text of the equivalent, Section 11(d) in the 2016 NY Law VM CSA
Comparisons
1995 CSA and 2016 VM CSA: click for comparison
2016 VM CSA and 2016 NY Law VM CSA: click for comparison

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See also

References