The key forms of ISDA credit support documents

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

  • The key forms of ISDA credit support documents
  • What are the key forms of ISDA credit support document?
  • Which is the correct ISDA credit support document to use?
  • ISDA credit support documents—a quick compare and contrast
  • Features that are common to the English law Annex, 2016 CSA VM, English law Deed and New York law Annex
  • 1995 ISDA Credit Support Annex (Transfer—English law), 2013 ISDA Standard Credit Support Annex (Transfer—English law) and 2016 CSA VM
  • 1995 ISDA Credit Support Deed (Security Interest—English law)
  • 1994 ISDA Credit Support Annex (Security Interest—New York law) and 2013 ISDA Standard Credit Support Annex (Security Interest—New York law)
  • The credit support documents relating to initial and variation margin
  • ISDA Regulatory Margin Self-Disclosure Letter
  • More...

The key forms of ISDA credit support documents

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What are the key forms of ISDA credit support document?

Credit support is a means of providing collateral or a security interest for payment obligations under derivative transactions (see Practice Note: What is credit support and how is it used in the ISDA credit support documentation). The International Swaps and Derivatives Association, Inc (ISDA) has produced standard form credit support documentation which either takes the form of:

  1. a credit support annex—known as a CSA, or

  2. a credit support deed—known as a CSD

The key forms of credit support documents published by ISDA are:

  1. 1995 ISDA Credit Support Annex (Transfer—English law)—known as the English law CSA or the English law annex (the English law Annex—for more information, see Practice Note: ISDA Credit Support Annex: Transfer—English law)

  2. 2013 ISDA Standard Credit Support Annex (Transfer—English law) (the English law SCSA)

  3. ISDA 2016 Credit Support Annex for Variation Margin (VM) (Title Transfer—English Law) (the 2016 CSA VM)—for more

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