Massachusetts Credit support agreement
Description
How to fill out Credit Support Agreement?
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FAQ
Credit Support Provider means any person who has entered into any guarantee, hypothecation, agreement, margin or security agreement in our favour in respect of your obligations under this Agreement.
The Credit Support Amount is the Secured Party's Exposure plus Pledgor's Independent Amounts minus Secured Party's Independent Amounts minus the Pledgor's Threshold.
Credit support is a means of a party reducing its credit risk on its counterparty. Credit support arrangements are also known as 'financial collateral arrangements', 'margin arrangements', 'collateralisation' and 'credit enhancement'.
Position Summary: The Credit Support Specialist is responsible for performing various departmental functions including reporting, financial statement spreading, statement tracking, maintaining loan grading, ordering and reviewing appraisals and reviewing credit documents as needed.
Eligible Credit Support means, with respect to a party, the items, if any, specified as such for that party in Paragraph 11(b)(ii) including, in relation to any securities, if applicable, the proceeds of any redemption in whole or in party of such securities by the relevant issuer.
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.
What Is a Credit Support Annex (CSA)? 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).