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).

IRRBB Management in EMDEs

Interest rate risk in the banking book (IRRBB) has become a growing priority for banks and regulators in emerging market and developing economies (EMDEs). As many of these countries face monetary tightening cycles and ongoing macroeconomic volatility, bank balance sheets...

Response to CPMI-IOSCO on Consultation

On February 5, ISDA and FIA responded to the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) consultation on the management of general business risks and general business losses by financial market infrastructures (FMIs)....