VM CSA Anatomy: Difference between revisions

VM CSA Anatomy (view source)

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Revision as of 10:23, 17 December 2019 (view source) Amwelladmin (talk \| contribs) m (Amwelladmin moved page 2016 ISDA Credit Support Annex for Variation Margin (VM) to VM CSA Anatomy) ← Older edit		Revision as of 10:31, 17 December 2019 (view source) Amwelladmin (talk \| contribs) No edit summary Newer edit →
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	{{~~anat\|2016csa\|~~}}The 2016 {{tag\|CSA}} generated at great expense by {{tag\|ISDA}} to deal with all the regulatory obligations to post and collect [[variation margin]] that have popped up around the world, like so many stable doors boinking emptily against their jambs while the ponies of financial ruin career wildly through the meadows of propriety.		{{Vmcsaanat}}The 2016 {{tag\|CSA}} generated at great expense by {{tag\|ISDA}} to deal with all the regulatory obligations to post and collect [[variation margin]] that have popped up around the world, like so many stable doors boinking emptily against their jambs while the ponies of financial ruin career wildly through the meadows of propriety.

	Part of the point of regulatory compliance was to ''remove'' the concept of title-transfer {{csaprov\|Independent Amount}} (“{{csaprov\|IA}}” being {{tag\|ISDA}}-speak for “[[initial margin]]”). After all, [[title transfer]] [[IA]] rather strikes at the heart of the regulatory aspiration, namely to collateralise [[mark-to-market]] exposures, so that neither party carried significant credit exposure to the other.		Part of the point of regulatory compliance was to ''remove'' the concept of title-transfer {{csaprov\|Independent Amount}} (“{{csaprov\|IA}}” being {{tag\|ISDA}}-speak for “[[initial margin]]”). After all, [[title transfer]] [[IA]] rather strikes at the heart of the regulatory aspiration, namely to collateralise [[mark-to-market]] exposures, so that neither party carried significant credit exposure to the other.