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===But what does it mean?=== | ===But what does it mean?=== | ||
This {{csaprov|Other CSA}} talk | This “{{csaprov|Other CSA}}” talk has in mind those who, in 2016, wished to “[[grandfather]]” {{isdaprov|Transaction}}s which were already live when the [[regulatory margin]] obligations came into force, but which therefore preceded it and were out of scope for it. | ||
No doubt this made sound commercial sense in 2016 | Cue a monstrously painful ''dual''-CSA regime where new transactions were margined under a new, [[regulatory margin]]-compliant {{2016csa}}, and old ones were allowed to roll off on the clapped-out (but somehow ''better'', right?) “other” {{1995csa}}. | ||
No doubt this made sound commercial sense in 2016. But a few years later, for all except those with 30-year inflation swaps on the books, all this “{{csaprov|Other CSA}}” chat is just [[barnacle]]-encrusted confusion for everyone. <br> |