Template:M summ 1992 ISDA Specified Transaction

We are going to go out on a limb here and say that little parenthetical “(including an agreement with respect thereto)” is, if not deliberately designed that way, is at least calculated to capture the Credit Support Annex which, yes, is a Transaction under an ISDA Master Agreement but no, is not really a swap or anything really like one. There is enough chat about Credit support Providers (yes, yes, the counterparty itself is of course not a Credit support Provider) to make us think, on a fair, large and liberal interpretation, that a default under the CSA to a swap Transaction is meant to be covered.