Recommended Amendment Provisions for 2016 Credit Support Annex for Variation Margin (VM) (New York Law) with respect to Japanese Party

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The purpose of the Recommended Amendment Provisions is to ensure that the validity and enforceability of the collateral arrangements under the NY law VM CSA will be upheld and the collateral arrangements will not be recharacterised in a Japanese court.

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Recommended Amendment Provisions for 2016 Credit Support Annex for Variation Margin (VM) (New York Law) with respect to Japanese Party (pdf)