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Template:Csa expenses: Difference between revisions
→NY law CSA
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Paragraph {{csaprov|8}} of the {{vmcsa}} is identical to the [[8 - CSA Provision|equivalent]] in the {{csa}}. Being a function of the [[common law]] of [[contract]], not to mention common sense — why would someone else be liable for your costs and expenses of performing a contract unless it specifically said they would be? — it falls into the goes without saying category. But {{icds}} said it anyway. | Paragraph {{csaprov|8}} of the {{vmcsa}} is identical to the [[8 - CSA Provision|equivalent]] in the {{csa}}. Being a function of the [[common law]] of [[contract]], not to mention common sense — why would someone else be liable for your costs and expenses of performing a contract unless it specifically said they would be? — it falls into the goes without saying category. But {{icds}} said it anyway. | ||
===NY law CSA=== | ===NY law CSA=== | ||
The {{nyvmcsa}} is largely the same — it carries on in {{ | The {{nyvmcsa}} is largely the same — it carries on in {{nyvmcsaprov|10(b)}} and {{nyvmcsaprov|10(c)}} to rabbit on a bit about {{nyvmcsaprov|Posted Collateral}} — but, curiously, neglects to specifically call out [[stamp duty]]. Not ''that'' curiously: {{nyvmcsa}}s tend to be largely parochial affairs, and there aren’t specfic stamp duties payable on US equities (the relevant tax is under section [[871(m)]]). Since risk of ''foreign'' stamp duties isn’t such a big deal, and the language in {{vmcsa}} is only an [[incluso]] and doesn’t change the meaning of the provision anyway, it doesn’t make any difference. <br> | ||