Template:ISDA English Law Credit Support Annex 2016 1(b): Difference between revisions

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{{csaprov|1(b)}} '''{{csaprov|Scope of this Annex and the Other CSA}}''': The only {{isdaprov|Transaction}}s which will be relevant for the purposes of determining “{{csaprov|Exposure}}” under this {{csaprov|Annex}} will be the {{csaprov|Covered Transaction}}s specified in Paragraph {{csaprov|11}}. Each {{csaprov|Other CSA}}, if any, is hereby amended such that the {{isdaprov|Transaction}}s that will be relevant for purposes of determining “{{csaprov|Exposure}}” thereunder, if any, will exclude the {{csaprov|Covered Transaction}}s and the {{csaprov|Transaction}} constituted by this {{csaprov|Annex}}. Except as provided in Paragraph {{csaprov|9(h)}}, nothing in this {{csaprov|Annex}} will affect the rights and obligations, if any, of either party with respect to “[[independent amount]]s” or [[initial margin]] under each {{csaprov|Other CSA}}, if any, with respect to {{isdaprov|Transaction}}s that are {{csaprov|Covered Transaction}}s.
{{vmcsaprov|1(b)}} '''{{vmcsaprov|Scope of this Annex and the Other CSA}}''': The only {{isdaprov|Transaction}}s which will be relevant for the purposes of determining “{{vmcsaprov|Exposure}}” under this {{vmcsaprov|Annex}} will be the {{vmcsaprov|Covered Transaction}}s specified in Paragraph {{vmcsaprov|11}}. Each {{vmcsaprov|Other CSA}}, [[if any]], is hereby amended such that the {{isdaprov|Transaction}}s that will be relevant for purposes of determining “{{vmcsaprov|Exposure}}” thereunder, [[if any]], will exclude the {{vmcsaprov|Covered Transaction}}s and the {{isdaprov|Transaction}} constituted by this {{vmcsaprov|Annex}}. Except as provided in Paragraph {{vmcsaprov|9(h)}}, nothing in this {{vmcsaprov|Annex}} will affect the rights and obligations, [[if any]], of either party with respect to “[[independent amount]]s” or [[initial margin]] under each {{vmcsaprov|Other CSA}}, [[if any]], with respect to {{isdaprov|Transaction}}s that are {{vmcsaprov|Covered Transaction}}s. <br>