IslamicFinance.de

The Bahrain Economic Development Board (EDB) hosted a Market Consultative Meeting on Islamic Credit Support Arrangement in association with the International Islamic Financial Markets (IIFM) and its Islamic hedging joint-partner International Swaps & Derivatives Association (ISDA) in the Kingdom of Bahrain. Credit Support Arrangement (CSA) is one of the key documentations for risk management where counter-parties transactional risk is managed through collateral and margin maintenance mechanism. The Islamic CSA will be developed under the already published ISDA/IIFM Tahawwut Master Agreement for Islamic hedging transactions.