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What is the difference between credit support annex under new york law and credit support annex under English law?
Wiki User
∙ 14y ago
The New York law form of CSA is a "security interest" form where possession of the collateral is maintained by the transfer and subject to a security interest granted to the counterparty. The English law form of CSA is a "transfer" form where the collateral is transferred to the counterparty (or an escrow agent) absolutely subject to an agreement to retransfer equivalent securities and it is not intended to create a security interest.
Wiki User
∙ 14y ago
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