IM Collateral Documents for use with a Bank Custodian (2019)

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 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.

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