Template:Nutshell 2018 CSD 1

Paragraph 1. Interpretation
1(a) Definitions and Inconsistency. Terms defined in the Agreement have the same meanings in this Deed. There are other definitions in Paragraph 12. If this Deed conflicts with the Agreement or an Other CSA, this Deed will prevail to the extend contemplated by this Deed (and where it purports to amend them, the Agreement or any Other CSA). Definitions in Paragraph 13 override any contrary provisions elsewhere in this Deed.
1(b) Secured Party and Chargor. “Secured Party” means either party when acting in that capacity and corresponding references to the “Chargor” means the other party when acting in that capacity. Posted Credit Support (IM) that is described as “held” by a Secured Party means it has been credited to the Segregated Accounts with a Security Interest in that party’s favour under this Deed. References to transfers of assets to or from the Custodian (IM) means transfer to or from the relevant Segregated Accounts.
1(c) Scope of this Deed. When determining a Chargor’s Margin Amount (IM) under this Deed only the Covered Transactions (IM) specified in Paragraph 13 will be counted. Except where it expressly amends them, this Deed will not affect the parties’ rights and obligations under the Agreement or any Other CSA.
1(d) Amendment Effective Date (IM). Any express amendments this Deed makes to the Agreement or any Other CSA, will be effective as of the Amendment Effective Date (IM).