Collateral Schedule Amendment
Any change to collateral schedules, including haircut or margin requirement, should be agreed between counterparties before being formally communicated to the triparty agent.
New or amended collateral schedule conditions will be considered as applicable only once triparty agent has completed the set up in their system (taking in consideration their own deadlines to perform the set up).
To ensure smooth adoption of collateral schedule changes, sufficient notice of at least 10 business days should be given by change initiator to their counterpart and any third party.
(IBP-191 UNDER ISLA REVIEW)
Already a member? Login to your account
Interested in Becoming a Member?
ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.Become a member today