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:
the levels and type of collateral required;
the segregation arrangements;
the netting set to which the exchange of collateral refers;
the procedures for notification, confirmation and adjustment of margin calls;
the procedures for settlement of margin calls for each type of eligible collateral;
the procedures, methods, timeframes and allocation of responsibilities for the calculation of margins and the valuation of collateral;
the events that are considered to be default or termination events;
the law applicable to the non-centrally cleared OTC derivative contract;
the law applicable to the exchange of collateral agreement.