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Tri-party Collateral Arrangements

Tri-party Collateral Arrangements

Where triparty collateral managers are used, it is recommended that both counterparties should first bilaterally agree the required collateral value (RQV) prior to submission of figures to the triparty agent. Initial RQV agreement should be completed by 14:00 London time. Any subsequent RQV increases/ decreases should be agreed bilaterally prior to submission to a triparty agent. Final RQV agreement should be completed by 4.30pm (London time). Ad-hoc or late agreement will be done on a best efforts basis. (IBP-171 AGREED IN 2017)

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