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2016 ISDA Credit Support Annex for Variation Margin (VM) (Title Transfer – English Law) with Blackline against 1995 Form
2016 ISDA Credit Support Annex for Variation Margin (VM) (Title Transfer – English Law) with Blackline against 1995 Form
The 2016 Credit Support Annex for Variation Margin (VM) is an updated version of the 1995 ISDA Credit Support Annex (Title Transfer – English Law) that is limited to variation margin, and allows parties to establish variation margin arrangements that meet the requirements of new regulations on margin for uncleared swaps. Like the 1995 CSA, this document serves as an Annex to the Schedule to the ISDA Master Agreement and is designed for use in transactions subject to English law.
If you wish to use this document in connection with the SEC IM Supplement ([Omnibus][No] Segregation), which may be used where a party is subject to SEC regulatory initial margin (IM) requirements and the parties will not segregate their SEC IM with an independent custodian, you can access this supplement here.