Template:M comp disc 1994 NY CSA Independent Amount

From The Jolly Contrarian
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The only substantial difference between the 1994 NY CSA and the 1995 CSA is the reference to Base Currency Equivalent — the Americans, being the cultural imperialists they are[1] — just assume that “Cash” and “the lawful currency for the time being of the United States of America” are the same thing. They do: check the definition. Geopolitically, they are not a million miles wrong about this, either.

There is no equivalent definition in the Reg VM versions published in 2016, since they deal only with variation margin and not initial margin, though you will see if you follow what should be a broken link, there is a way of reverse-engineering an IM component back into a reg VM 1995 CSA with some fancy footwork in the elections paragraph.

  1. Calm down folks, I’m just winding you up.