信用支持协议（CSA）提供信用保护，通过规定双方互置抵押品的规则来管理私下协商的场外衍生证券的抵押安排。协议在国际掉期与衍生品协会（ISDA）制定的标准合同——主协议下进行记录。在进行场外衍生交易前，双方必须签署ISDA主协议并执行信用支持协议。
Definition of 'Credit Support Annex'
A credit support annex provides credit protection by setting forth the rules governing the mutual posting of collateral. CSAs are used in documenting collateral arrangements between two parties that trade privately negotiated (over-the-counter) derivative securities. The trade is documented under a standard contract called a master agreement, developed by the International Swaps and Derivatives Association (ISDA). The two parties must sign the ISDA master agreement and execute a credit support annex before they trade derivatives with each other.
Definition of 'Credit Support Annex'
A credit support annex provides credit protection by setting forth the rules governing the mutual posting of collateral. CSAs are used in documenting collateral arrangements between two parties that trade privately negotiated (over-the-counter) derivative securities. The trade is documented under a standard contract called a master agreement, developed by the International Swaps and Derivatives Association (ISDA). The two parties must sign the ISDA master agreement and execute a credit support annex before they trade derivatives with each other.
Read more: http://www.investopedia.com/terms/c/creditsupportannex.asp#ixzz1z3H7wQYS
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