2019 Clearstream Security Agreement - International Swaps and Derivatives Association, Inc. (ISDA) - Luxembourg Law

Sep 16, 2026

2019 Clearstream Security Agreement template for use with the Clearstream Triparty Collateral Management Service establishes a Luxembourg law first-ranking pledge over a pledged Clearstream collateral account in favour of the security-taker. It links security-provider obligations under the ISDA Master Agreement and a Collateral Transfer Agreement, including the pledged account definition. The agreement includes interpretation, construction, and conflicts provisions to govern defined terms and ensure priority of the ISDA Master Agreement, Collateral Transfer Agreement, and Clearstream Agreements as applicable.

LanguageEnglish

CategoryLetters

FormatPDF

Pages18

Reading Time6 min

AccessFree to download

Interpretation

Definitions

Construction

Conflicts

Security

Security interest over Clearstream collateral account in the name of the Security-provider in favour of the Security-taker1 (ISDA 2019 Clearstream Security Agreement subject to Luxembourg Law)2 International Swaps and Derivatives Association, Inc. 2019 CLEARSTREAM SECURITY AGREEMENT for use with the Clearstream Triparty Collateral Management Service between and (“Security-provider”) (“Security-taker”) dated relating to the: ISDA Master Agreement (as defined in Paragraph 21 (Definitions) of this Agreement) between Security-provider and Security-taker; and Collateral Transfer Agreement dated………………………………between Security-provider and Security-taker. and Pledged Account number………………………………(as defined in Paragraph 21 (Definitions) of this Agreement) 1 Note that this 2019 Clearstream Security Agreement template has been designed for use with regulatory IM. 2 This 2019 Clearstream Security Agreement has been prepared for use in conjunction with an ISDA Clearstream 2019 Collateral Transfer Agreement. Users should consult their legal advisers as to the proper use and effect of this form and the arrangements it contemplates. Copyright © 2019 by International Swaps and Derivatives Association, Inc. and Clearstream Banking S.A. This document is published by Clearstream Banking S.A. (Clearstream) and the International Swaps and Derivatives Association, Inc. (ISDA) and is protected by copyright and other proprietary intellectual property rights. It cannot be used, revised or distributed except solely for the purpose of a market participant’s own commercial transactions or as otherwise provided for by Clearstream and ISDA in a written licensing agreement. This notice may not be removed. This Agreement is entered into in relation to the ISDA Master Agreement and Collateral Transfer Agreement in order to secure the Security-provider’s obligations under the ISDA Master Agreement, the Collateral Transfer Agreement and this Agreement by creating a Luxembourg law first ranking pledge in respect of the Pledged Account (including the Clearstream Collateral) (all as defined in Paragraph 21 (Definitions) of this Agreement) upon the terms set out herein. Accordingly, each of the Security-provider and Security-taker (each a Party and together the Parties) agrees as follows: 1. INTERPRETATION 1.1 Definitions Unless otherwise defined in Paragraph 21 (Definitions) or elsewhere in this Agreement, capitalised terms defined in the Collateral Transfer Agreement have the same meanings in this Agreement. Unless otherwise specified, references to sub-paragraphs or Paragraphs are references to such provisions of this Agreement and references to a sub-paragraph are references to the relevant subparagraph of the Paragraph in which it appears. 1.2 Construction Unless a contrary indication appears (and without limiting the generality of the foregoing): (a) a reference to any party includes its successors in title, permitted assigns and permitted transferees; (b) assets includes present and future properties, revenues and rights of every description; (c) a person includes any individual, firm, company, corporation, government, state or agency of a state or any association, trust, joint venture, consortium or partnership (whether or not having separate legal personality); (d) a regulation includes any regulation, rule, official directive, request or guideline (whether or not having the force of law) of any governmental, intergovernmental or supranational body, agency, department or ofany regulatory, self-regulatory or other authority or organisation; (e) references to a law, statute or statutory provision include: (i) such law, statute or statutory provision as from time to time amended, modified, reenacted or consolidated whether before or after the date of this Agreement; and (ii) any subordinate legislation from time to time made, amended, modified, re-enacted or consolidated, whether before

FAQs

What is the purpose of the 2019 Clearstream Security Agreement?

It secures the security-provider’s obligations under the ISDA Master Agreement and related collateral arrangements by creating a Luxembourg law first-ranking pledge over the pledged account (including Clearstream collateral).

What other agreements does this security agreement relate to?

It is entered into in relation to the ISDA Master Agreement and the Collateral Transfer Agreement, and it references the Clearstream Agreements used for collateral giver/receiver roles.

How are conflicts between agreements handled?

If there is a conflict between this agreement and the ISDA Master Agreement, Collateral Transfer Agreement, or Clearstream Agreements, the ISDA Master Agreement, Collateral Transfer Agreement, and Clearstream Agreements prevail as applicable.

Sep 16, 2026

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