Clifford Chance

ISDA and IIFM publish Islamic Credit Support Deed for Variation Margin

30 March 2017

The International Swaps and Derivatives Association, Inc. (ISDA) and the International Islamic Financial Market (IIFM) have published an Islamic Credit Support Deed for Cash Collateral designed to be used with the ISDA/IIFM Tahawwut Master Agreement (TMA).

The publication of the "ISDA/IIFM 2017 Credit Support Deed for Cash Collateral (VM)" (the TMA CSD) is a welcome and much anticipated addition to the suite of template documents for use with the TMA.

Copies of the TMA CSD template (together with the TMA and other TMA related documentation) can be obtained at www.isda.org and www.iifm.net.

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