International financial services association BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association) have published an updated New York law Master Participation Agreement (NY MPA) and associated guidelines. BAFT, together with ITFA, put together a working group of experts to review the existing form and identify changes based on current market practice.
Topics: Master Participation Agreement, BAFT, ITFA
By Amanda Montano, Sullivan Associate and Fiona Luong, Sullivan Trainee
Having been instructed by BAFT to prepare the revised Master Participation Agreement, Sullivan’s London Trade Finance team gave a presentation on ‘All you need to know about the BAFT MPA’ at the firm’s September Seminar.
Attended by an audience of more than 100 financial institutions and participants in the trade finance market, Geoff Wynne and Hannah Fearn talked about the key changes and implications of the new MPA.
Topics: Trade Finance, Master Participation Agreement, BAFT, English Law
by Hannah Fearn, Sullivan Managing Associate and Fiona Luong, Sullivan Trainee
BAFT (the Bankers Association for Finance & Trade), together with ITFA (the International Trade and Forfaiting Association), established a working group to review and identify amendments to the original 2008 English law Master Participation Agreement (2008 MPA), to bring it in line with current market practice.
Topics: Trade Finance, Master Participation Agreement, BAFT, English Law
Geoffrey Wynne is head of Sullivan’s Trade & Export Finance Group and the firm's London office.
He has extensive experience in banking and finance, specifically in corporate and international finance, trade, structured trade and commodity finance, electronic banking and digitizing trade finance, structured finance, asset and project finance, syndicated lending, equipment leasing, workouts and financing restructuring and general commercial matters.
Recognised as one of the leading trade finance lawyers globally, Geoff advises many of the major trade finance banks and financial institutions around the world on trade and commodity transactions in virtually every emerging market including in the CIS, Asia, India, Africa and Latin America. He has worked on many structured trade transactions covering such diverse commodities as oil, nickel, steel, tobacco, cocoa and coffee.
