MTA Amendment Agreement

This form of agreement may be used by two parties to amend the minimum transfer amounts (“MTAs”) that are produced when parties use the Protocol plus applicable supplements to produce a New CSA that provides for either “gross/gross” or “gross/net” margining. The New CSA produced by the Protocol in this scenario includes two separate delivery/return amounts rather than the single delivery/return amount that normally applies. Under this scenario, the Protocol splits the MTA selected by the parties through matched Questionnaires and allocates 50% of the originally selected MTA to each delivery/return amount as a “gross MTA” or “net MTA”. This agreement allows the parties to replace that approach by defining a “gross MTA” or “net MTA” to equal the full amount of the originally selected MTA (or insert a different amount).

ISDA AGM Studio: Jacques Vigner, BNP Paribas

Jacques Vigner, ISDA board member and chief strategic oversight officer for global markets at BNP Paribas, speaks with Mark Gheerbrant, global head of risk and capital at ISDA, on the key obstacles to a consistent, risk-appropriate capital framework and how to...

ISDA AGM Studio: Future Leaders in Derivatives

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