ISDA Clearstream Documents

ISDA Clearstream Documents

The following documents are used to document a collateral arrangement between two parties where the collateral is held in a Clearstream account for use in complying with initial margin requirements. There are two versions of the Security Agreement that may be used with either of the two versions of the Collateral Transfer Agreement. The 2016 version of the Security Agreement is designed for use where the Clearstream collateral account is in the name of the Security-provider. The 2017 version of the Security Agreement is designed for use where the Clearstream collateral account is in the name of the Security-taker, and this version should be used where the parties intend to use the Recommended Amendment Provisions for Japanese Collateral (“Shichiken”). The Novation Agreement was prepared to allow parties to move from the 2016 version of the Security Agreement to the 2017 version.

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