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{{csaanat|1(b)|2016}}{{csadiff 1}} | {{csaanat|1(b)|2016}}{{csadiff 1}} | ||
{{csacapsule 1(b)|vmcsa}} | {{csacapsule 1(b)|vmcsa}} | ||
=== Weird exclusion alert === | |||
What is with that exception at the end? Somehow [[initial margin]] (“{{csaprov|Independent Amount}}” is just isdaspeak for [[initial margin]], remember) for {{vmcsaprov|Covered Transaction}}s under ''this'' {{vmcsa}} could 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}}. But a cursory google suggests no such error on our part. So could this have somehow been missed by the crowd-wisdom 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}}. |