On April 14, 2016, the International Swaps and Derivatives Association published a new Credit Support Annex for Variation Margin. The CSA will assist parties to negotiate collateral terms that comply with variation margin requirements under new margin requirements for non-cleared derivatives developed by the Basel Committee on Banking Supervision and the International Organization of Securities Commissions. These standards are proposed for effectiveness from September 1, 2016, phased in according to counterparty type. ISDA noted that it will publish more documents of this nature to assist parties in negotiating collateral terms that comply with the variation margin requirements for uncleared swaps in the US, Europe and Japan.
The ISDA announcement is available at: http://www2.isda.org/news/isda-publishes-margin-rule-compliant-collateraldocument.