SFTR Information Statement

(updated May 13, 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.

The SFTR Information Statement has been updated to include a new Appendix 3, which sets out the risks and consequences that may arise in connection with the re-use of financial instruments by a U.S. broker-dealer, U.S. futures commission merchant, or U.S. bank or U.S. branch or agency office of a non-U.S. bank. The updated SFTR Information Statement is intended for use when a transaction involves any such entities and includes alternative disclosures that are applicable in that case. The original SFTR Information Statement that was published in April can still be used in respect of all other types of transactions that do not involve any such entities.

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