Template:Nutshell 2016 CSA 1(b)

1(b) Scope of this Annex and the Other CSA: Only Covered Transactions specified in Paragraph 11 will count towards “Exposure” under this Annex. Any Other CSA is therefore amended to exclude the Covered Transactions (and this Annex itself) from its “Exposure” calculation. Except where Credit Support Offsets applies, this Annex will not affect the parties’ initial margin obligations on Covered Transactions documented under any Other CSA.