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Seeing how third party [[credit support]] generally works under an {{isdama}} — it only comes into play once {{{{{1}}}|Transaction}}s have been closed out, and there ''are'' no Transactions left, Affected or otherwise<ref>The notable exception being a [[New York law]] [[Credit Support Annex]] of course.</ref> this does seem a rather fussy detail; all the more so now in the age of regulatory [[variation margin]]. I mean, who provides [[credit support]] for individual {{isdaprov|Transaction}}s under a master agreement specifically designed to achieve cross-transactional [[closeout netting]]? |