Spanish debt office in negotiations on credit support annex thresholds
Government agency looks to alleviate funding costs for bank counterparties in swaps transactions.
The Spanish debt office is in negotiations to amend collateral agreements on its derivatives trades to ease the funding burden for its bank counterparties. A senior official at Tesoro Público told Risk the agency is considering raising the minimum threshold within its one-way credit support annex (CSAs) agreements to reduce the possibility of a bank having to post collateral when a trade moves against it.
"What we are envisaging to do, and we are not sure about this yet, is to increase
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