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Global Master Repurchase Agreement (GMRA)&Global Master Securities Lending Agreement (GMSLA) - Compr

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Global Master Repurchase Agreement (GMRA)&Global Master Securities Lending Agreement (GMSLA) - Compr

21/06/2017 / Publicações / POSTADO POR
The 2011 Global Master Repurchase Agreement Protocol (Revised) (the Protocol) enables the parties to a 1995 Global Master Repurchase Agreement (GMRA 1995) or a 2000 Global Master Repurchase Agreement (GMRA 2000) (each an Agreement) to amend the terms of each such Agreement to reflect certain provisions of the 2011 Global Master Repurchase Agreement (GMRA 2011), as published by ICMA (the GMRA 2011), and to enable the parties to a GMRA 1995, a GMRA 2000 or a GMRA 2011 (also an Agreement) to insert a definition of Euro in each such Agreement. This workshop analyses how repo and securities lending transactions operate within the framework provided by the Global Master Repurchase Agreement (GMRA) and the Global Master Securities Lending Agreement (GMSLA), and highlights the issues that need to be addressed by users. These two separate but increasingly overlapping master agreements are the essential underpinnings of the cross-border repo and securities lending markets. In order to provide a clear practical context to documentation and underlying issues, the workshop starts with a rigorous introduction to the fundamental legal and operational characteristics of repo and securities lending instruments, transactional uses and markets. The main body of the workshop is a detailed review and comparison of both legal agreements (including the new GMRA 2011) and how they structure risk and operational management. The workshop also examines the role of and special issues posed by key market infrastructures such as electronic trading venues, triparty collateral management and central clearing through CCPs, as well as the impact of accounting and tax treatments and new regulation. The workshop uses the GMRA and GMSLA as a framework to provide a structured approach to understanding instruments, usage and markets. No legal expertise is required. The workshop can therefore be useful, not just for legal and documentation staff, but also for front office, risk management, operational, compliance, audit and regulatory personnel. For more information such as full agenda, registration form and pricing please see the attached brochure. The details of the seminar are as follows: June 28– 29, 2017 - Brasília, Brazil July 4 – 5, 2017 - Brasília, Brazil July 12 – 13, 2017 - Brasília, Brazil You may reach us (+46 7 707 918 77) or email us (ekcadvisory@europiaknowledgecentre.com) for course registration.

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