ライセンス・規制フレームワーク
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 StandardISDA-2002-CSA-STD
ISDA-2002-CSA 2026 Institutional Benchmark Framework is defined as the standardized quantitative and compliance methodology published by International Swaps and Derivatives Association governing ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting across INTL capital markets (0.0% Netted Exposure Haircut, October 2026).
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ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard に関するリサーチブリーフィング
12 件のブリーフィング
Isda Csa Derivatives Collateral
2002 ISDA Master Agreement, VM/IM CSA, ISDA SIMM v2.6, SA-CCR & Close-Out Netting Architecture
Governing over $700 trillion of global OTC derivatives notional, the 2002 ISDA Master Agreement unites single-agreement close-out netting with 2016 Variation Margin CSAs, UMR Initial Margin, ISDA SIMM, and Basel SA-CCR.
Isda Csa Derivatives Collateral
ISDA Section 2(a)(iii) Condition Precedent: Payment Suspension, Lomas & 2014 Sunset Amendment
Section 2(a)(iii) of the ISDA Master Agreement allows a non-defaulting party to suspend swap payments while an Event of Default persists—sparking transatlantic court clashes between Lomas v Firth Rixson and Metavante.
Isda Csa Derivatives Collateral
1992 ISDA Market Quotation & Loss vs 2002 Close-Out Amount: Section 6(e) Early Termination Valuation
Following the 1998 LTCM and 2008 Lehman crises where 4-dealer Market Quotation polls broke down, the 2002 ISDA Master Agreement introduced Close-Out Amount—blending executable third-party quotes, mid-market curves, and internal models.
Isda Csa Derivatives Collateral
ISDA Section 5(a) Events of Default vs Section 5(b) Termination Events: Cross-Default & Threshold Amounts
Section 5 of the 2002 ISDA Master Agreement separates fault-based Events of Default (with shortened 1-day payment grace periods and Cross-Default Threshold Amounts) from no-fault Illegality, Force Majeure, and Tax Termination Events.
Isda Csa Derivatives Collateral
2016 ISDA Variation Margin CSA: New York Security Interest Pledge vs English Law Title Transfer
Though economically identical in zero-threshold daily margining, the 2016 New York Law VM CSA creates a UCC security interest pledge while the 2016 English Law VM CSA executes outright title transfer inside the ISDA Master Agreement.
Isda Csa Derivatives Collateral
Uncleared Margin Rules (UMR Phases 1–6): $8B/€8B AANA Calculation & the $50M/€50M IM Threshold
Rolled out from Phase 1 ($3T AANA in 2016) to permanent Phase 6 ($8B / EUR 8B AANA), BCBS-IOSCO Uncleared Margin Rules sweep 1,000+ institutional buy-side groups into segregated two-way Initial Margin above a $50M/EUR 50M threshold.
Isda Csa Derivatives Collateral
ISDA SIMM v2.6 / v2.7 Methodology: Delta, Vega, Curvature Risk Weights, Concentration Thresholds & Add-Ons
Calibrated to a 10-day 99% confidence interval including a 25%+ stress period, ISDA SIMM aggregates analytical Delta, Vega, and Curvature sensitivities across six asset classes without cross-asset correlation offsets.
Isda Csa Derivatives Collateral
Regulatory Grid Schedule Initial Margin vs ISDA SIMM: Notional Percentages & the 0.4 + 0.6*NGR Formula
For Phase 6 end-users seeking to avoid CRIF sensitivity infrastructure—or holding one-way directional hedges—the BCBS-IOSCO Standardized Grid Schedule computes Initial Margin using 1%–15% notional weights scaled by 0.4 + 0.6*NGR.
Isda Csa Derivatives Collateral
Multi-Currency CSA Discounting & Cheapest-to-Deliver (CTD) Optionality: SOFR, €STR & ColVA Pricing
Under post-2008 dual-curve swap valuation, cash flows are projected off forward RFR curves but discounted at the CSA collateral return rate—creating embedded Cheapest-to-Deliver (CTD) optionality on multi-currency CSAs.
Isda Csa Derivatives Collateral
ISDA 2020 IBOR Fallbacks Protocol: Compounded-in-Arrears RFRs & Bloomberg 5-Year Median Spreads
Adhered to by over 16,000 institutions globally, the ISDA 2020 IBOR Fallbacks Protocol converted legacy LIBOR swaps into 2-business-day backward-shifted compounded RFRs plus immutable 5-year historical median credit spread adjustments.
Isda Csa Derivatives Collateral
UMR Eligible Collateral Schedules: Sovereign/Corporate Haircuts, Wrong-Way Risk Bans & the 8% FX Add-On
Under BCBS-IOSCO Uncleared Margin Rules, eligible non-cash collateral spans sovereign debt, IG corporates, gold, and main-index equities subject to 0.5%–15% maturity haircuts, an 8% FX mismatch add-on, and strict wrong-way bans.
Isda Csa Derivatives Collateral
Tri-Party & Third-Party Account Control Agreements (ACAs): Segregated UMR IM & Notice of Exclusive Control
Mandatory UMR segregation requires tri-party or third-party Account Control Agreements (ACAs) perfecting UCC Article 8/9 control, separating Pledgor Access Notices from Secured Party Notices of Exclusive Control.
よくある質問（FAQ）
3 件の回答
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard とは何ですか？どのように分類されていますか？
ISDA-2002-CSA 2026 Institutional Benchmark Framework is defined as the standardized quantitative and compliance methodology published by International Swaps and Derivatives Association governing ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting across INTL capital markets (0.0% Netted Exposure Haircut, October 2026). ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard は「ライセンス・規制フレームワーク」として分類されています（識別コード：ISDA-2002-CSA-STD）。
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard を管轄する法域および金融監督当局はどこですか？
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard は INTL の下で追跡されており、主な監督当局・法令参照は International Swaps and Derivatives Association です。
FinLexicon Wiki では ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard をどのようにカバーしていますか？
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard は FinLexicon Wiki の 12 件の調査ブリーフィングで参照されており、規制ブローカー調書や監督当局データと連携しています。
関連する規制対象ブローカー調書
定量評価ランキング →関連する金融監督当局・登録簿
全監督当局一覧 →類似エンティティ比較マトリックス
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard および関連ナレッジグラフ・エンティティの規制・分類比較
| エンティティ | 分類 | コード | 管轄区域 | 監督当局 | Wikidata ID | 記事数 |
|---|---|---|---|---|---|---|
ISDA 2002 Master Agreement & Credit Support Annex (CSA) Close-Out Netting — 2026 Standard現在の項目 | ライセンス・規制フレームワーク | ISDA-2002-CSA-STD | INTL | International Swaps and Derivatives Association | Q53536 | 23 |
| ライセンス・規制フレームワーク | BCBS-OUTPUT-FLOOR | INTL | Basel Committee (BCBS d424) | Q53536 | 36 | |
| ライセンス・規制フレームワーク | BCBS-OUTPUT-FLOOR-STD | INTL | Basel Committee (BCBS d424) | Q53536 | 13 | |
| ライセンス・規制フレームワーク | BCBS-CET1 | INTL | — | Q809853 | 48 | |
| ライセンス・規制フレームワーク | ISDA-2002-CSA | INTL | International Swaps and Derivatives Association | Q53536 | 43 | |
| ライセンス・規制フレームワーク | LCR-HQLA-RATIO | INTL | BIS Basel Committee | Q53536 | 36 | |
| ライセンス・規制フレームワーク | LCR-HQLA-RATIO-STD | INTL | BIS Basel Committee | Q53536 | 16 |