Template:M comp disc 2018 CSD Secured Party Rights Event

Along with Chargor Rights Event and Notice of Exclusive Control, one of the famous oppounitunities for an Innocent Party to grab its Posted Credit Support (IM) back in the case that everything goes Pete Tong with its counterparty. This is a 2018 innovation, not before seen, apparently the sweat of a brow also nursing a bottomless, spiteful hatred of derivatives negotiators, the capital markets, and the English language.

Happily — at any rate, if you are the kind of sadist who revels in the knowledge that your American friends will have to push the same rocks up the same hill you do — the same provision more or less exactly the same in the 2018 NY law IM CSA.