Exchanges - CSA Provision: Difference between revisions

Exchanges - CSA Provision (view source)

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	{{fullanat2\|csa\|3(c)\|2016\|3(c)1995}}		{{fullanat2\|csa\|3(c)\|2016\|3(c)\|1995}}

	Note here the {{csaprov\|Transferor}} can ask for an exchange, but the {{csaprov\|Transferee}} is not obliged to accept it. This is a fundamental provision of "title transfer" - once the {{csaprov\|Eligible Credit Support}} is delivered under a {{1995csa}}, it is owned absolutely by the {{csaprov\|Transferee}}, subject only to an obligation to return {{csaprov\|Equivalent Credit Support}}.		Note here the {{csaprov\|Transferor}} can ask for an exchange, but the {{csaprov\|Transferee}} is not obliged to accept it. This is a fundamental provision of "title transfer" - once the {{csaprov\|Eligible Credit Support}} is delivered under a {{1995csa}}, it is owned absolutely by the {{csaprov\|Transferee}}, subject only to an obligation to return {{csaprov\|Equivalent Credit Support}}.