Regulatory Alerts2010-05-05
Draft Repurchase Transaction Agreement
The Trinidad and Tobago Securities and Exchange Commission issued a draft repurchase transaction agreement establishing a master framework for securities lending between two corporate parties. The document defines key terms, outlines procedures for transaction initiation and confirmation, and mandates margin maintenance to cover market value deficits. It further specifies rights regarding income payments, payment methods, events of default, and governing law under Trinidad and Tobago statutes.
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