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

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

These amendment provisions (the “Amendments”) are required when Eligible Collateral (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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