Template:Credit support amount capsule

Credit Support Amount is the total amount one counterparty must have delivered to the other at any time: The combination of its net Exposure under the ISDA Master Agreement and the net Independent Amounts it must post.

No equivalent in the 2016 VM CSA

Careful observers will have noticed there isn't such a concept in the 2016 VM CSA. This is because the Credit Support Amount is no more than a given party’s Exposure — as already defined in the CSA — together with any pertinent Independent Amounts and similar amounts. Of course, under the 2016 VM CSA (being concerned only with Variation Margin) there are no Independent Amounts. So it vanishes, in a puff of logic and existential redundancy.