Template:ISDA New York Law Credit Support Annex 2016 1: Difference between revisions

Template:ISDA New York Law Credit Support Annex 2016 1 (view source)

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-===Paragraph {{nyvmcsaprov|1}} '''{{nyvmcsaprov|Interpretation}}'''===
+Paragraph {{nyvmcsaprov|1}} '''{{nyvmcsaprov|Interpretation}}'''<br>
 {{ISDA New York Law Credit Support Annex 2016 1(a)}}
 {{ISDA New York Law Credit Support Annex 2016 1(b)}}
 {{ISDA New York Law Credit Support Annex 2016 1(c)}}
-{{nyvmcsaprov|1(c)}} {{nyvmcsaprov|Scope of this Annex and the Other CSA}}. The only {{isdaprov|Transaction}}s which will be relevant for the purposes of determining “'''{{nyvmcsaprov|Exposure}}'''” under this Annex will be the {{nyvmcsaprov|Covered Transactions}} specified in Paragraph '''{{nyvmcsaprov|13}}'''. Each {{nyvmcsaprov|Other CSA}}, if any, is hereby amended such that the {{isdaprov|Transaction}}s that will be relevant for purposes of determining “'''{{nyvmcsaprov|Exposure}}'''” thereunder, if any, will exclude the {{nyvmcsaprov|Covered Transactions}}. Except as provided in Paragraphs 8(a), 8(b) and 11(j), nothing in this Annex will affect the rights and obligations, if any, of either party with respect to “independent amounts” or initial margin under each {{nyvmcsaprov|Other CSA}}, if any, with respect to {{isdaprov|Transaction}}s that are {{nyvmcsaprov|Covered Transactions}}.<br>