Delaware Credit support agreement
Description
How to fill out Credit Support Agreement?
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FAQ
A credit support annex (CSA) is a document that defines the terms for the provision of collateral by the parties in derivatives transactions. It is one of four parts of a standard contract or master agreement developed by the International Swaps and Derivatives Association (ISDA).
A credit support annex is a legal document regulating the terms and conditions under which collateral is posted to mitigate counterparty credit risk in bilateral derivatives transactions. It is a voluntary annex within the International Swaps and Derivatives Association Master Agreement.
The International Swaps and Derivatives Association (ISDA) is a private trade organization whose members, mainly banks, transact in the OTC derivatives market. This association helps to improve the market for privately negotiated over-the-counter (OTC) derivatives by identifying and reducing risks in that market.
A Credit Support Annex, or CSA, is a legal document which regulates credit support (collateral) for derivative transactions. It is one of the four parts that make up an ISDA Master Agreement but is not mandatory. It is possible to have an ISDA agreement without a CSA but normally not a CSA without an ISDA.
A continued service agreement (CSA) is an agreement an employee makes to continue to work for the Government for a pre-established length of time in exchange for Government sponsored training or education.
Also known as the ISDA® Schedule. A document which parties to a swap or other bilateral derivatives transaction typically use to alter the terms of and add terms to the pre-printed standard form ISDA Master Agreement.
Acceptable Credit Support means one or more letters of credit payable in Dollars for the benefit of a Borrower or one of its Subsidiaries to support payment of an Eligible Exchange Account or Eligible Account of such Loan Party, which letter of credit is in form and substance acceptable to the Administrative Agent and ...
Credit Support Agreement means the agreement between the Company and the Credit Support Provider evidencing the obligation of the Credit Support Provider to provide credit support to the Company in connection with the issuance by the Company of Commercial Paper.