Document background
The Credit Support Agreement is essential in Singapore's financial markets for managing counterparty credit risk in trading relationships. It is typically used when parties engage in financial transactions requiring collateral support, such as derivatives trading, securities lending, or other financial arrangements. The document, governed by Singapore law, provides a comprehensive framework for calculating exposure, determining collateral requirements, managing transfers, and handling defaults. It complies with Singapore's regulatory requirements, including MAS guidelines and the Securities and Futures Act, while reflecting international best practices in collateral management.
