ISDA Credit Support Deed: security interest—English law
ISDA Credit Support Deed: security interest—English law

The following Banking & Finance guidance note provides comprehensive and up to date legal information covering:

  • ISDA Credit Support Deed: security interest—English law
  • Documentation structure of the English law Deed
  • The nature of the English law Deed
  • Enforcement of the English law Deed
  • 2016 Phase One IM Credit Support Deed (Security Interest—English Law) and 2018 Credit Support Deed For Initial Margin (IM) (Security Interest—English Law)
  • Financial collateral arrangements
  • Useful documents from ISDA

BREXIT: As of 31 January 2020, the UK is no longer an EU Member State, but has entered an implementation period during which it continues to be treated by the EU as a Member State for many purposes. As a third country, the UK can no longer participate in the EU’s political institutions, agencies, offices, bodies and governance structures (except to the limited extent agreed), but the UK must continue to adhere to its obligations under EU law (including EU treaties, legislation, principles and international agreements) and submit to the continuing jurisdiction of the Court of Justice of the European Union in accordance with the transitional arrangements in Part 4 of the Withdrawal Agreement. For further reading, see: Brexit—introduction to the Withdrawal Agreement. This has an impact on this Practice Note. For guidance, see Practice Note: Brexit—impact on finance transactions—Key issues for derivatives transactions and Brexit—impact on finance transactions—Derivatives and debt capital markets transactions—key SIs.

Documentation structure of the English law Deed

The English law Deed: a stand alone document

The English law Deed is a stand alone document. It does not form part of the schedule to the master agreement and must be executed in its own right as a deed. It must be dated as of the date of execution and all formalities connected with signing a