Template:M comp disc 1995 CSA Independent Amount

As of May 2020 this was the most popular page on this whole site. Even more popular than the one about Toto. And Rick Astley. Go figure, my little contrarians.

Perhaps you are seeking enlightenment about the 2018 English law IM CSD? If so, brave chicklings, there is a nascent anatomy of it here, and while there is not yet a lot in it — the JC has been assiduously avoiding the topic of regulatory initial margin, as, what with lockdown, he fears it might push him over the edge — the JC has peeked over the rim a couple of times, and as a result it has quite a lot about the Margin Approach and related things, which is where that dismal document is at its most radically dismal.

Anyhow, the only difference between the 1994 NY CSA and the 1995 CSA is the reference to Base Currency Equivalent — maybe the Americans just assumed everything would be done in USD. There is no equivalent definition in the regulatory 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.