FIA works closely with member firms to develop industry-standard agreements and other documentation that all market participants can use to support their trading and clearing functions as well as ensure regulatory compliance in different jurisdictions. These include standard give-up agreements, client clearing and execution agreements, risk disclosure statements and a number of exchange-specific agreements. These forms are available on fia.org and can be downloaded by any market participant.
In addition, FIA offers a subscription-only service for certain types of forms and agreements that address particular needs of member firms.
In our continued efforts to improve, FIA has implemented a new platform for Documentation Services. Users should have received an invitation email regarding our new Documentation Services platform. If you have yet to receive your invitation email for the platform or are experiencing issues logging in, please contact Melissa Ni Haogain
The revised SFTR Article 15 Information Statement includes a new Appendix which outlines re-use risks in relation to US FCMs, US broker-dealers or US banks when they act as ‘collateral takers’. In addition, it also provides member firms with guidance as to how they can use the Information Statement when sending it to their clients. No substantive changes have been made in the body of the Information Statement that was published on 13 April 2016.
The SFTR information Statement is a template for use by market participants to inform their counterparties of the general risks and consequences that may be involved in consenting to a right of use of collateral provided under a security collateral arrangement or of concluding a title transfer collateral arrangement. Market participants can tailor the statement to suit their own specific circumstances. The document has been drawn up in response to the SFTR rules, which come into force from July 13, 2016 and will affect all existing and future title transfer and security collateral arrangements under a variety of financial agreements.
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