An end to block trade delays as AFME releases model agreements
Delays in the execution of block trades due to extended negotiations should become a thing of the past after the Association for Financial Markets in Europe (AFME) issued model agreements for use across EMEA.
The two documents launched this week — one of which is a pure agency agreement with no backstop underwriting and one of which has an underwriting commitment built in — have been created to reduce the time taken to settle contractual terms for each trade and streamline execution....
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