Template:Credit support annex as a credit support document

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The 1995 CSA is not a {{{{{1}}}|Credit Support Document}}...

Note that a CSA[1] is not a {{{{{1}}}|Credit Support Document}}, and you should not list it as one in {{{{{1}}}|Part 4}} of the {{{{{1}}}|Schedule}}, however satisfying it might be to do so. I mean it sounds like one, right? But no: the counterparty cannot be its own {{{{{1}}}|Credit Support Provider}}. The 1995 CSA is, rather, a {{{{{1}}}|Transaction}} under the ISDA Master Agreement. This is rather important to the whole issue of close-out netting. Deep ISDA lore.

... but the 1994 New York law CSA is a {{{{{1}}}|Credit Support Document}}

Because it is a security financial collateral arrangement arrangement and not a title transfer collateral arrangement, transfer of credit support under a 1994 New York law CSA[2] does not change the net liabilities between the parties, the 1994 New York law CSA (and its regulatory VM successor, the 2016 NY Law VM CSA is a {{{{{1}}}|Credit Support Document}} and not a transaction under the ISDA Master Agreement. Fun, huh?

  1. and its VM update, the 2016 VM CSA.
  2. and its VM update, the 2016 NY Law VM CSA.