For counterparties who wish to make use of additional European governing law options, ISDA has prepared Irish law governed collateral documents. The 2016 ISDA Credit Support Annex for Variation Margin (VM)(Title Transfer – Irish law) is an updated version of the 1995 ISDA Credit Support Annex (Title Transfer –Irish law) that is limited to variation margin, and allows parties to establish variation margin arrangements that meet the requirements of new regulations on margin for uncleared swaps. This Credit Support Annex has been prepared for use with the ISDA Master Agreement subject to Irish law.