Recommended Amendment Provisions for the ISDA English Law 2016 Phase One Credit Support Deed for Initial Margin (IM) with respect to Japanese Securities

Recommended Amendment Provisions for the ISDA English Law 2016 Phase One Credit Support Deed for Initial Margin (IM) with respect to Japanese Securities

These amendment provisions (the “Amendments”) are required when Eligible Credit Support (IM) includes (i.e. parties create a security interest over) Japanese law governed securities issued pursuant to the Act Concerning Book-entry Transfer of Corporate Bonds, Stocks, etc. (Shasai Kabushikito no Furikae ni Kansuru Horitsu) (Act No. 75 of 2001, as amended).

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