Talk:Representation - CSA Provision: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "1995 ISDA CSA full text of Section 7: Paragraph 7. Representation Each party represents to the other party (which representation will be deemed to be repeated as of each date...") |
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1995 ISDA CSA full text of Section 7: | |||
Paragraph 7. Representation | Paragraph 7. Representation | ||
Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support | Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it s the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system). |
Revision as of 04:30, 2 January 2020
1995 ISDA CSA full text of Section 7:
Paragraph 7. Representation Each party represents to the other party (which representation will be deemed to be repeated as of each date on which it transfers Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions) that it s the sole owner of or otherwise has the right to transfer all Eligible Credit Support, Equivalent Credit Support or Equivalent Distributions it transfers to the other party under this Annex, free and clear of any security interest, lien, encumbrance or other restriction (other than a lien routinely imposed on all securities in a relevant clearance system).