A Practical Guide to the 2016 ISDA Credit Support Annexes For Variation Margin under English and New York Law

The global regulatory pressure to create new standardized documentation for the complicated and arcane process of posting variation margin has been extraordinary. In response, ISDA issued two standard forms of Credit Support Annexes for Variation Margin. Thankfully for neophytes and experts alike, Paul Harding and Abigail Harding have provided a rosetta stone for understanding these new forms and the regulations and regulatory environment surrounding them. This new practice guide provides an articulate, cogent and comprehensive discussion of these issues and the regulations driving their creation, complete with a thorough annotation of each of the provisions in the two 2016 Credit Support Annexes. No derivative documentation specialist or practitioner’s bookshelf will be complete without it.Christian A Johnson, Dean and Professor of Law, Widener University Commonwealth Law School

Overall this is a well written and practical book, the filling of ISDA CSAs is helpful for anyone involved in negotiating agreements and the bread at the beginning and end gives a tasty wrapper to the overall sandwich.Bill Hodgson, Owner of The OTC Space Ltd

Practical Guide is a valuable tool for both derivatives regulatory and documentation experts and newcomers to the space. ... Practical Guide is extremely useful reference material for derivatives legal practitioners.Azad Assadipour, Sidley Austin LLP, Futures and Derivatives Law Report