- ICMA Announces Publication of 2015 Universal Resolution Stay Protocol with Securities Financing Transaction Annex
ICMA Announces Publication of 2015 Universal Resolution Stay Protocol with Securities Financing Transaction Annex12 November 2015 (Zurich, Switzerland) The International Capital Market Association (ICMA) today announced the publication of a Securities Financing Transaction Annex (“SFT Annex”) that forms part of the ISDA 2015 Universal Resolution Stay Protocol also published today (the “Protocol”). The Protocol builds on the version developed in 2014 in close co-ordination with the Financial Stability Board which focused on amending ISDA Master Agreements for OTC bilateral derivatives to improve the effectiveness of cross-border bank resolution actions.
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