Credit Support Addendum Clause Samples
A Credit Support Addendum (CSA) is a contractual provision that outlines the terms and conditions under which parties to a financial agreement must provide collateral to mitigate credit risk. It typically specifies the types of acceptable collateral, the process for valuing and transferring collateral, and the circumstances that trigger collateral calls, such as changes in market value or credit ratings. By establishing clear rules for collateral management, the CSA helps ensure that each party is protected against the risk of counterparty default, thereby promoting financial stability and reducing potential losses.
Credit Support Addendum. The credit and collateral provisions are set forth in the Credit Support Addendum.
Credit Support Addendum. The credit and collateral provisions are set forth in the Credit Support Addendum. The rights, obligations and liabilities under the Credit Support Addendum shall survive termination of this Master Agreement until the end of the Invalidation Term applicable to Offset Credits Delivered to Party A pursuant to a Terminated Transaction(s).