Secured Party and Pledgor - NY VM CSA Provision

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2016 ISDA VM NY CSA Anatomy


In a NutshellTM Section 1(b):

Template:Nutshell 2016 NY CSA 1(b) view template

2016 ISDA VM NY CSA full text of Section 1(b):

1(b) Secured Party and Pledgor. All references in this Annex to the “Secured Party” will be to either party when acting in that capacity and all corresponding references to the “Pledgor” will be to the other party when acting in that capacity; provided, however, that if Other Posted Support (VM) is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support (VM) will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.
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Related Agreements
Click here for the text of Section 1(b) in the 1994 New York law CSA
There is no equivalent to this provision in either the 1995 English Law CSA or the 2016 English law VM CSA

Resources Full wikitext | Nutshell wikitext
Navigation 1 (Interpretation) | 2 (Security Interest) | 3 (Credit Support Obligations) | 4 ( Conditions Precedent, Transfer Timing, Calculations and Substitutions) | 5 (Dispute Resolution) | 6 (Holding and Using Posted Collateral (VM)) | 7 (Events of Default) | 8 (Certain Rights and Remedies) | 9 (Representations) | 10 (Expenses) | 11 (Miscellaneous) | 12 (Definitions) | 13 (Elections and Variables)