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ISDA/IIFM 2017 Credit Support Deed for Cash Collateral (VM)
ISDA/IIFM 2017 Credit Support Deed for Cash Collateral (VM)
The ISDA/IIFM 2017 Credit Support Deed for Cash Collateral (VM)” is styled after the set of credit support documentation published by ISDA relating to the ISDA Master Agreement. It is a standalone security document, providing for the creation of security in respect of cash collateral posted by the collateral provider to secure sums owed by it to the secured party under the ISDA/IIFM Tahawwut MA. The TMA CSD is a two-way document, meaning that either party may be the party granting security and either party may be the secured party. The published template comprises a pre-printed document accompanied by a pro forma Schedule. The Schedule must be completed by the parties to set out the details of the specific terms agreed between them, including eligible currency, which transactions between them will be covered by the TMA CSD, haircuts, thresholds, timing of valuations, timing of notifications of margin calls and administrative details such as account and process agent particulars. The TMA CSD is an English law deed.