The document is an Information Statement published by AFME, FIA, ICMA, ISDA, and ISLA on 13th April 2016 to help market participants comply with SFTR requirements. It outlines risks and consequences of consenting to a right of use of collateral under TTCA or SCA, and provides alternative disclosures for U.S. entities. The statement will be included in legal templates post 13th July 2016.
documents/vol00010-efta01372693-pdf.pdf
{"title":"Securities Financing Transaction Regulation — Re-use of collateral","key_people":["Fern Kerr"],"document_date":"2016-04-13","document_type":"correspondence","document_subtype":"information statement","key_organizations":["Association for Financial Markets in Europe (AFME)","FIA","International Capital Market Association (ICMA)","International Swaps and Derivatives Association, Inc. (ISDA)","International Securities Lending Association (ISLA)","Deutsche Bank (DB)","Deutsche Wealth Management"],"reference_numbers":["DB-SDNY-0066519","SDNY_GM_00212703","EFTA01372693"]}