Secured Party and Pledgor - NY VM CSA Provision

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2016 ISDA Credit Support Annex (VM) (New York law)
A Jolly Contrarian owner’s manual™

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Paragraph 1(b) in a Nutshell

Use at your own risk, campers!

Full text of Paragraph 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.

Related agreements and comparisons

Related Agreements
Click here for the text of Section 1(b) in the 1994 New York law CSA
Click here for the text of Section 1(b) in the 1995 English Law CSA
Click here for the text of Section 1(b) in the 2016 English Law VM CSA
Comparisons
Template:2nycsadiff 1(b)
2016 VM CSA and 2016 NY Law VM CSA: click for comparison
There is no equivalent to Paragraph 1(b) in the 1995 CSA.

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Content and comparisons

Compare with Secured Party and Chargor in the 2018 English law IM CSD.

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See also

Template:M sa 2016 NY CSA 1(b)

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References