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Credit Support Agreement
1. Parties: Identification of the parties entering into the agreement, including their full legal names, registration numbers, and addresses
2. Background: Context of the agreement, reference to any master agreement, and purpose of the credit support arrangement
3. Definitions: Detailed definitions of terms used throughout the agreement, including financial terms, calculation methodologies, and specific Danish law concepts
4. Credit Support Obligations: Core provisions detailing the obligations to provide credit support, including transfer timing and conditions
5. Valuation and Calculations: Methods for calculating exposure, collateral value, and margin requirements
6. Transfer Timing and Conditions: Specific requirements and timeframes for transferring collateral, including delivery methods
7. Custody and Rights: Provisions regarding holding of collateral, voting rights, and income payments
8. Events of Default: Circumstances constituting default and consequences thereof
9. Representations and Warranties: Standard and specific representations by each party regarding capacity, authority, and compliance
10. Tax Provisions: Treatment of tax matters related to collateral transfers and income
11. Governing Law and Jurisdiction: Explicit choice of Danish law and jurisdiction provisions
1. Interest Provisions: Optional section for when interest is to be paid on cash collateral
2. Eligible Collateral Schedule: Optional section when multiple types of collateral are acceptable and need specific treatment
3. Third Party Security Provider Provisions: Required when collateral may be provided by entities other than the primary counterparty
4. Special Danish Law Provisions: Additional provisions specific to Danish law requirements when dealing with certain types of entities or collateral
5. Dispute Resolution: Optional detailed dispute resolution procedures beyond standard jurisdiction clause
6. Agency Provisions: Required when any party is acting as agent for other entities
1. Schedule 1 - Eligible Collateral: Detailed list of acceptable collateral types and associated valuation percentages
2. Schedule 2 - Transfer Specifications: Details of bank accounts, securities accounts and transfer procedures
3. Schedule 3 - Valuation Procedures: Detailed procedures for valuing different types of collateral
4. Schedule 4 - Contact Details: List of authorized persons and contact information for notices and transfers
5. Appendix A - Forms of Notice: Standard forms for margin calls, transfer notices and other communications
6. Appendix B - Custody Arrangements: Detailed procedures for holding and managing collateral
7. Appendix C - Tax Documentation: Required tax forms and procedures for tax-related matters
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