Template:ISDA English Law Credit Support Annex 2016 Independent Amount

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Whoops! There is no such term in the 2016 English law VM CSA. This provision was in the 1995 English Law CSA but it didn’t make the cut. But one has since been introduced by the back door, as follows:

Independent Amount” means,

(I) with respect to Party A and a Covered Transaction: [specify].
(II) with respect to Party B and a Covered Transaction: [specify].