The exchange of collateral agreement referred to in point (g) of the first subparagraph of Article 2(2) shall include at least the following terms:
3(a)(a)the levels and type of collateral required;
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3(b)(b)the segregation arrangements;
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3(c)(c)the netting set to which the exchange of collateral refers;
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3(d)(d)the procedures for notification, confirmation and adjustment of margin calls;
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3(e)(e)the procedures for settlement of margin calls for each type of eligible collateral;
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3(f)(f)the procedures, methods, timeframes and allocation of responsibilities for the calculation of margins and the valuation of collateral;
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3(g)(g)the events that are considered to be default or termination events;
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3(h)(h)the law applicable to the non-centrally cleared OTC derivative contract;
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3(i)(i)the law applicable to the exchange of collateral agreement.
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