Template:Credit support types capsule: Difference between revisions

===The manifold varieties of credit mitigation===

“{{isdaprov|Credit support}}” under an {{isdama}} is handled away from a given Swap {{isdaprov|Transaction}}, under a separate [[credit support annex]] which references a counterparty’s net [[exposure]] across the whole portfolio of {{isdaprov|Transaction}}s

*'''{{csa}}''': an [[English law]] [[credit support annex]] is itself a {{isdaprov|Transaction}} under the {{isdama}}, under which the parties exchange {{csaprov|Eligible Credit Support}} (in the olden days, often various kinds of high-grade [[bond]]s ''or'' cash; more recently, in [[VM]] only arrangements, cash only) with a market value designed to exactly offset the net exposure under all the other “real” {{isdaprov|Transaction}}s.