Credit Support Appendix definition

Credit Support Appendix means a Credit Support Appendix in the form as published by the Swiss Bankers Association in relation to a Swiss Master Agreement for OTC Derivative Instruments.
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Examples of Credit Support Appendix in a sentence

  • This Credit Support Appendix shall form an integral part of the Master Agreement and applies to all Transactions entered into under the Master Agreement and specified as VM Transactions according to section 13.2 ( the "VM Transac- tions").

  • Any terms not other- wise defined in this Credit Support Appendix shall have the meaning as ascribed to them in the Master Agreement.

  • The Credit Support Appendix published in 2008 by the Swiss Bankers Association for the SMA 2003 has not yet been revised.

  • In the event of any inconsistency between cer- tain provisions of this Credit Support Appendix and provisions of the Master Agreement, the provisions of this Credit Support Appendix will prevail.

  • This Credit Support Appendix (the "Credit Support Appendix") shall govern the parties’ credit support obligations in relation to any exposure under the Master Agreement by means of a transfer of collateral that may be provided as variation margin, as further specified in section 6.1 and 13.3 (a) of this Credit Support Ap- pendix (the "VM Credit Support").

  • The provi- sions of section 13 of this Credit Support Appendix respectively provisions in any supplemental agreement shall prevail over other sections of this Credit Support Appendix.

  • The so calculated liquidation value under the Swiss Credit Support Appendix is then set off against the liquidation value under the master agreement; any resulting net liquidation value shall be paid by the relevant party to the other.

  • The provisions of the Swiss Credit Support Appendix provide – similar to the ISDA English CSA – for the full right of title to pass to the other party when transferring collateral to the collateral taker and the latter’s right to freely dispose of such collateral, subject to an obligation to deliver back the same quantity, type and quality of collateral.

  • If the parties have entered into a different (national) master agreement, they would typically use the appropriate jurisdiction-specific collateral-agreement, e.g. the French 1998 AFB Collateral Annex or the ‘Besicherungsanhang’ pertaining to the German Rahmenvertrag or the Swiss Credit Support Appendix in its current version dated March 26, 2009 pertaining to the Swiss Master Agreement for OTC derivatives.

Related to Credit Support Appendix

  • Credit Support Annex means the Credit Support Annex annexed to this Agreement.

  • Credit Support Instrument" "Credit Support Provider"

  • Credit Support Instrument The instrument or document pursuant to which the Credit Support for a given Series (or Class within such Series) is provided, as specified in the applicable Supplement.

  • Credit Support Amount has the meaning specified in Paragraph 3.

  • credit supporter means a person or company that provides a guarantee or alternative credit support for any of the payments to be made by an issuer of securities as stipulated in the terms of the securities or in an agreement governing rights of, or granting rights to, holders of the securities;