Description
Book SynopsisThis is the essential book for all who need to know about the new detailed regulations for margining in the European Union and the USA and most of all need to understand the contents of these two credit support annexes so that they can negotiate them safely and confidently.
Trade ReviewThe global regulatory pressure to create new standardized documentation for the complicated and arcane process of posting variation margin has been extraordinary. In response, ISDA issued two standard forms of Credit Support Annexes for Variation Margin. Thankfully for neophytes and experts alike, Paul Harding and Abigail Harding have provided a rosetta stone for understanding these new forms and the regulations and regulatory environment surrounding them. This new practice guide provides an articulate, cogent and comprehensive discussion of these issues and the regulations driving their creation, complete with a thorough annotation of each of the provisions in the two 2016 Credit Support Annexes. No derivative documentation specialist or practitioner’s bookshelf will be complete without it. --Christian A Johnson, Dean and Professor of Law, Widener University Commonwealth Law School
Table of ContentsThe new regulatory scene for OTC derivatives and collateral The 2016 ISDA Credit Support Annex For Variation Margin (VM) under English Law The 2016 ISDA Credit Support Annex For Variation Margin (VM) under New York Law Important developments since the global financial crisis
