email_body: Susan: I'm not sure that what I told you to do in the CSA Annex with respect to  Custodians and their qualifications work so for now let's keep it out and go  back to our old language.
  Sara and Mark: Shari had a counterparty point out to her that in our CSA Annex language  where we talk about the circumstances under which a party can "hold"  collateral, all of our triggers are based on something happening to our  counterparty and nothing is said about what would happen if a Custodian holds  the colateral and fails to be creditworthy.
  Do you have any thoughts on  this?
  At first I thought that we should require the Custodian to be a  Qualified institution but I'm not sure that that is the right approach.
  Let  me know what you think.
  Carol
  
subject_line: Custodian Language
  