ISDA committee endorses practices with respect to cash credit support for collateral providers located in Canada

Posted on June 1, 2010

Margaret Grottenthaler

ISDA has recently (May 4, 2010) published a set of guidelines endorsed by its Canadian Legal and Regulatory Affairs Committee for the treatment of credit support in the form of cash under the Credit Support Annex governed by New York law. The guidelines are intended to express a reasonable approach to the issue of perfection with respect to this type of credit support.

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