Scope of this Annex and the Other CSA - VM CSA Provision: Difference between revisions

Scope of this Annex and the Other CSA - VM CSA Provision (view source)

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 What is with that exception at the end? Somehow [[initial margin]]<ref>“{{csaprov|Independent Amount}}” is just isdaspeak for [[initial margin]], remember</ref> for {{vmcsaprov|Covered Transaction}}s under ''this'' {{vmcsa}} might be documented under some {{vmcsaprov|Other CSA}}, when you have just gone to [[tedious]] lengths to exclude it from having any impact on this {{vmcsa}}?
-At first, the [[JC]] thought this might be a typo in his transcription of the {{vmcsa}} — he’s not a details guy — was a critical “not” missing? But a cursory google suggests no such error on his part. So could this have somehow been missed by the crowd-wisdom of {{icds}}?
+At first, the [[JC]] thought this might be a typo in his transcription of the {{vmcsa}} — he’s never claimed to be a details guy — so was a critical “not” missing? A cursory google suggests no such error on his part. So could this have somehow been missed by even the crowd-wise pedants of {{icds}}?
-Again, no: this is ''deliberate''. Why? Because the {{vmcsa}} has no provision at all to deal with [[initial margin]]. It being assumed one has put a {{vmcsa}} in place only reluctantly, under protest because the meddling regulator told you to, and that you already had a {{csa}} which you were happy with, which ''did'' have some initial margin provisions. So, since your shiny new {{vmcsa}} has nothing to say about [[initial margin]] you continue to levy this under the existing {{vmcsaprov|Other CSA}}.
+Again, no. Our best guess is that this is ''deliberate''. Why? Because the {{vmcsa}} has no provision ''at all'' to deal with [[initial margin]]. It being assumed one has put a {{vmcsa}} in place only reluctantly, under protest because the meddling regulator told you to, and that you already had a {{csa}} which you were happy with, which ''did'' have some initial margin provisions. So, since your shiny new {{vmcsa}} has nothing to say about [[initial margin]] you continue to levy this under the existing {{vmcsaprov|Other CSA}}.
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