Collateral

This page contains Collateral information and certain informational documents for the Standard Credit Support Annex (SCSA®), which seeks to standardize market practice regarding embedded optionality in current CSAs, promote the adoption of overnight index swap discounting for derivatives, and align the mechanics and economics of collateralization between the bilateral and cleared OTC derivative markets. The Annexes themselves are available in the ISDA Bookstore.


DateTitle / DescriptionDocuments
September 10, 2013
Portfolio Reconciliation EMIR Operations Guidance Note
Provides operational guidance for portfolio reconciliation and dispute resolution obligations imposed by EMIR which come into effect on 15th September. Also includes guidance on a minimum set of fields for portfolio reconciliation purposes. Please note that these materials have been prepared and published for informational purposes only and should not be construed as legal, accounting, tax or other professional advice.
EMIR Portfolio Reconciliation Operational Guidelines pre-publication v 10 09 13 FINAL FINAL.pdf Minimum Port Rec fields for EMIR v 09 09 13 FINAL.xlsx
February 15, 2013
Best Practices for the OTC Derivative Collateral Electronic Margin Messaging Process
Provides guidelines to ease implementation of electronic margin message communication. These Best Practices focus on integration and counterparty on-boarding as well as specific margin call scenarios. The document is purposely vendor agnostic and the practices are applicable regardless of the vendor selected.
ISDA Collateral Electronic Messaging 2013-02-15.pdf
August 22, 2012
Form Secured Party Notice of Exclusive Control - (Note: these provisions have been superseded by those included in the ISDA 2013 Account Control Agreement)
for use with the ISDA Tri-Party IA (Independent Amount) Conflicting Instructions Provision and for possible inclusion in a tri-party control agreement.
TriParty_IA_Provisions_Form_Notices_of_Exclusive_Control_Publication_Version_22Aug12.pdf
August 22, 2012
Form of Pledgor Access Notice - (Note: these provisions have been superseded by those included in the ISDA 2013 Account Control Agreement)
for use with the ISDA Tri-Party IA (Independent Amount) Conflicting Instructions Provision and for possible inclusion in a tri-party control agreement.
TriParty_IA_Provisions_Form_Pledgor_Access_Notices_Publication_Version_22Aug12.pdf
May 29, 2012
ISDA Tri-Party IA Conflicting Instructions Provision (Independent Amount) - (Note: these provisions have been superseded by those included in the ISDA 2013 Account Control Agreement)
to address the situation where both an effective Notice of Exclusive Control and an effective Pledgor Access Notice have been received by a Securities Intermediary;
ISDA_Conflicting_Instructions_Provision.pdf
May 22, 2012
Slide presentation about the SCSA
The Standard Credit Support Annex (SCSA or Standard CSA) seeks to standardize market practice regarding embedded optionality in current CSAs, promote the adoption of overnight index swap discounting for derivatives, and align the mechanics and economics of collateralization between the bilateral and cleared OTC derivative markets. Additionally, the SCSA seeks to create a homogeneous valuation framework, reducing current barriers to novation and valuation disputes. (This is an update of the original, dated November 2011.)
SCSA Media Slides 11 2 2011 (revised).pdf
May 17, 2012
Blended Rate for ISDA Standard CSA
Blended Rate for ISDA Standard Credit Support Annex 5.pdf
May 10, 2012
Summary Results of Annual Survey of Collateral Use in OTC Derivatives in the Japanese Market
ISDA Japan Annual Collateral Survey 2012 (English)
JP Survey results_English Summary_May_2012 FINAL.pdf
May 9, 2012
Rate Selection for ISDA Standard CSA
Rate Selection for ISDA Standard Credit Support Annex 6.pdf
December 6, 2011
Form of Amendment to the 1994 ISDA Credit Support Annex subject to New York Law
that addresses the segregation of IA (Independent Amount) with a custodian
Form of Amendment to the 1994 ISDA CSA NY Law.pdf