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  2. ISDA 2016 Credit Support Annex for Variation Margin (VM) (Title Transfer – English Law) – Paragraph 11 for use in the AEJ region, including terms for margin rules in Australia, Hong Kong, Singapore, and India (for cross-border non-centrally cleared derivatives entered into between a Domestic Covered Entity and a Foreign Covered Entity), and Indonesia, published on October 28, 2025

ISDA 2016 Credit Support Annex for Variation Margin (VM) (Title Transfer – English Law) – Paragraph 11 for use in the AEJ region, including terms for margin rules in Australia, Hong Kong, Singapore, and India (for cross-border non-centrally cleared derivatives entered into between a Domestic Covered Entity and a Foreign Covered Entity), and Indonesia, published on October 28, 2025

This template allows parties to establish variation margin arrangements that meet the requirements of regulations on margin for uncleared swaps in certain jurisdictions (“Covered Margin Regimes”). It is based on the ISDA 2016 Variation Margin Protocol, and includes terms for the FMIA Rules, Hong Kong Rules, Singapore Rules, Australia Rules, India Rules, and Indonesia Rules, in addition to the Covered Margin Regimes included in the Protocol at the time of publication (PR Rules, CFTC Rules, Japan Rules, OSFI Rules and EMIR Rules) (each term as defined in the template). Parties using the 2016 Credit Support Annex for Variation Margin (VM) (Title Transfer- English Law) may complete Paragraph 11 of such Credit Support Annex in the manner set forth in this template.

The translation into Bahasa Indonesian of the template has been prepared for educational purposes only. It does not constitute an official translation of the relevant provisions, nor does it constitute legal advice or other advice. ISDA accepts no responsibility for any errors, omissions, or inaccuracies. All users of the Bahasa Document are strongly advised to seek their own independent verification of all information presented and to seek their own independent legal or other advice as appropriate before using the template.

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