2019 Bank Custodian Collateral Transfer Agreement for Initial Margin and forms of Security Agreement

The following documents are used to document a collateral arrangement between two parties where the collateral is held in a bank custodian account for use in complying with initial margin requirements. These documents have been prepared to allow parties to apply one governing law to the mechanical aspects of the collateral relationship and a different governing law to the grant and enforcement of security over the segregated account. The form of Security Agreements provided are governed by English, New York, Luxembourg, Belgian French or Irish law and have been prepared as example security agreements. The governing law of the Collateral Transfer Agreement defaults to the governing law of the underlying ISDA Master Agreement. Parties using a French law governed ISDA Master Agreement should incorporate the ‘Recommended Amendment Provisions for ISDA Bank Custodian CTA for use with French law ISDA Master Agreement’, which is provided as a standalone document.

Annotated versions of the ISDA 2019 Bank Custodian Collateral Transfer Agreement for Initial Margin (IM) and the ISDA 2019 Luxembourg Law Security Agreement for Initial Margin (IM) are also included, setting out descriptions and explanations of the impact of each of the common elections that may be made in the documents. A User’s Guide to the 2018 & 2019 ISDA Regulatory Initial Margin Documentation, including the documents below, is available here.

Free downloads for 2019 Bank Custodian Collateral Transfer Agreement for Initial Margin and forms of Security Agreement (8)