1994 ISDA CREDIT SUPPORT ANNEX PDF

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This Annex supplements, forms part of, and is subject to, the above-referenced Agreement, is part of its Schedule and is a Credit Support Document under this. 2 ISDA® (d) Substitutions. (i) Unless otherwise specified in Paragraph 13, upon notice to the Secured Party specifying the items of Posted Credit Support to . ISDA Credit Support Annex. The standard New York law pledge means of posting and receiving Credit Support under an ISDA Master.

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Return of Fungible Securities. All references in this Annex to the “Secured Party” will anne to either party when acting in that capacity and all corresponding references to the “Pledgor” will be to the other party when acting in that capacity; provided, however, that if Other Posted Support is held by a party to this Annex, all references herein to that party as the Secured Party with respect to that Other Posted Support will be to that party as the beneficiary thereof and will not subject that support or that party as the beneficiary thereof to provisions of law generally relating to security interests and secured parties.

Greater than 11 years but not more than 12 years. If at any time an Early Termination Date has occurred or been designated as the result of an Event of Default or Specified Condition with respect to the Secured Party, then except in the case of an Early Termination Date relating to less than all Transactions or Swap Transactions where the Secured Party has paid in full all of its obligations that are then due under Section 6 e of this Agreement: The Valuation Agent will notify each party or the other party, if the Valuation Agent is a party of eupport calculations not later than the Notification Time on the Local Business Day following the applicable Valuation Date or in the case of Paragraph 6 dfollowing the date of calculation.

In the event that the Threshold applicable to Party A has been reduced to zero, Party B shall open and maintain a segregated account, and hold, record and identify all Posted Collateral in such segregated account.

Greater than 16 years but not more than 17 years. A Cash, the amount thereof; and B a security, the anndx price xupport by the Valuation Agent multiplied by the applicable Valuation Percentage, if any; ii Posted Collateral that consists wupport items that are not specified as Eligible Collateral, zero; and iii Other Eligible Support and Other Posted Support, as specified in Paragraph This interest will be calculated on the basis of daily compounding and the actual number of days elapsed.

Unless otherwise specified in Paragraph 13, the “Return Amount’ applicable to the Secured Party for any Valuation 1949 will equal the amount by which: Expenses a General Except as otherwise provided in Paragraphs 10 b and 10 ceach party will pay its own costs and expenses in connection with performing its obligations under cdedit Annex and neither party will be liable crddit any costs and expenses incurred by the other party in connection herewith.

Each Transfer hereunder shall be made to an address specified in writing from time to time by the party to which such Transfer will be made. Unless otherwise specified in Paragraph 13, the “Delivery Amount’ applicable to the Pledgor for any Valuation Date will equal the amount by which: Greater than 14 years but not more than 15 years. Secured Party and Pledgor. When no amounts are or thereafter may become payable by the Pledgor with respect to any Obligations except for any potential liability under Section 2 d of this Agreementthe Secured Party will Transfer to the Pledgor all Posted Credit Support and the Interest Amount, if any.

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Greater than 22 years but not more than 23 years. A Secured Party that fails to make, when due, any Transfer of Posted Collateral or the Interest Amount will be obligated to pay the Pledgor to the extent permitted under applicable law an amount equal 19944 interest at the Default Rate multiplied by the Value of the items of property that were required to be Transferred, from and including the date that Posted Collateral or Interest Amount was required to be Transferred to but excluding the date of Transfer of that Posted Collateral or Interest Amount.

Capitalized terms not otherwise defined herein or elsewhere in this Agreement have the meanings specified pursuant to Paragraph 12, and all references in this Annex to Paragraphs are to Paragraphs of this Annex. With respect to Party B: Unless otherwise specified in Paragraph 13 and subject to Paragraph 4 ain lieu of any interest, dividends or other amounts paid or deemed to have been paid with respect to Posted Collateral in the form of Cash all of which may be retained by the Secured Iedathe Cgedit Party will Transfer to the Pledgor at the times specified in Paragraph 13 the Interest Amount to the extent that a Delivery Amount would not be created or increased by that Transfer, as calculated spuport the Valuation Agent and the date of calculation will be deemed to be a Valuation Date for this purpose.

In the case of a dispute involving a Spuport Amount or Return Amount, unless otherwise specified in Paragraph 13, the Valuation Agent will recalculate the Exposure and the Value as of the Recalculation Date by: Law stubs Legal documents Derivatives finance vredit. Capitalized terms not otherwise defined herein or elsewhere in this Agreement have the meanings specified pursuant to Paragraph 12, and all references in this Annex to Paragraphs are to Paragraphs isdaa this Annex.

The Transfer of Interest Amount crevit be made on each Distribution Date; providedhoweverthat the obligation of Party B to Transfer any Interest Amount to Party A shall be limited to the extent that Party B has earned and received such funds and such funds are available to Party B. A “Independent Amount” means with respect to Party A: Subject to Paragraphs 4 a and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Credkt Credit Support is made by the Notification Time, then the isdw Transfer will be made not later than the close of business on the next Local Business Day; if a demand is made after the Notification Time, credig the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter.

C01 13 i Additional Representation s. Use of Posted Collateral. Each party acknowledges and agrees that Posted Collateral in the form of securities may decline speedily in value and is of a type customarily sold on a recognized market, and, accordingly, the Pledgor is not entitled to prior notice of any sale of that Posted Collateral by the Secured Party, except any notice that is required under applicable law and cannot be waived.

ISDA® Credit Support Annex (CSA)

Greater than 21 years but not more than 22 years. Eligibility to Hold Posted Collateral; Custodians. Accordingly, the parties agree as follows: Treasury Department having an original maturity at issuance of not more than one year “Treasury Bills” C negotiable debt obligations issued by the U. The Secured Party will be liable for the acts or omissions of ksda Custodian to the same extent that the Secured Party would be liable hereunder for its own acts or omissions.

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Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.

If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

With respect to Party A: A utilizing any calculations of Exposure for the Transactions or Swap Transactions that the parties have agreed are not in dispute; B calculating the Exposure for the Transactions or Swap Transactions in dispute by seeking four actual quotations at mid-market from Reference Market-makers for purposes of calculating Market Quotation, and taking the arithmetic average of those obtained; provided that if four quotations are not available for a particular Transaction or Swap Transactionthen fewer than four quotations may be used for that Transaction or Swap Transaction ; and if no quotations are available for a particular Transaction or Swap Transactionthen the Valuation Agent’s original calculations will be used for that Transaction or Swap Transaction ; and C utilizing the procedures specified in Paragraph 13 for calculating the Value, if disputed, of Posted Credit Support.

Interpretation a Definitions and Inconsistency.

Set-off any amounts payable by supporrt Pledgor with respect to any Obligations against any Posted Collateral or the Cash equivalent of any Isva Collateral held by the Secured Party or any obligation of the Secured Party to Transfer that Posted Collateral ; and.

As used in this Annex: Holding and Using Posted Collateral a Care of Posted Collateral Without limiting the Secured Party’s rights under Paragraph 6 cthe Secured Party will exercise reasonable care to assure the safe custody of all Posted Collateral to the extent required by applicable law, and in any event the Secured Party will be deemed to have exercised reasonable care if it exercises at least the same degree of care as it would exercise with respect to its own property.

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Full text of “ISDA Credit Support Annex”

Transfer of Interest Amount. The Interest Amount or portion thereof not Transferred pursuant to this Paragraph will constitute Posted Collateral in the form of Cash and will be subject to the security interest granted under Paragraph 2. Care of Posted Collateral. The Collateral must meet annrx Eligibility criteria in the agreement, e.

Credit Support Annex – Wikipedia

In lieu of returning to the Pledgor pursuant to Paragraphs 3 b4 d5 and 8 d any Posted Collateral comprising securities the Secured Party may return Equivalent Collateral. Greater than 12 years but not more than 13 years. Paragraph 1 b of this Annex is amended by deleting it and restating it in full as follows: The following items will qualify as “Eligible Collateral” for the party specified: Greater than 9 years but not more than 10 years.

Greater than 18 years but not more than 19 years.