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 hereby amended to exclude these Covered Transactions (and this Annex itself) from its “Exposure” calculation. Except where Credit Support Offsets applies, this Annex will not affect the parties’ rights and obligations as to “independent amounts” or initial margin under any Other CSA relating to Covered Transactions.