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What choices do counterparties now have in documenting their credit support arrangements?

April 26, 2017arrangements choices counterparties credit documenting support

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What choices do counterparties now have in documenting their credit support arrangements?

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In essence, counterparties can document their credit support arrangements in one of three ways: (i) they can continue to use any of the four credit support documents: the 1994 ISDA Credit Support Annex (New York law); the 1995 ISDA Credit Support Annex (English law); the 1995 ISDA Credit Support Deed (English law); or the 1995 ISDA Credit Support Annex (Japanese law); (ii) they can submit an Adherence Letter to ISDA between 1 August 2001 and 28 February 2002, amending their existing 1994 ISDA Credit Support Annex (New York law) and/or the 1995 ISDA Credit Support Annex (English law); or (iii) they can execute the 2001 ISDA Margin Provisions with their counterparty.