REVEALED: EMEA’s new model block trade agreements

Author: | Published: 23 Oct 2013
  • The Association for Financial Markets in Europe has launched the region’s first model placing agreements for block transactions;
  • The models aim to streamline trades across EMEA and into the US;
  • Their implementation follows market demands to expedite increasingly legally intensive block transactions;
  • The models combine the typical terms used by both sell-side and buy-side on EMEA block transactions into two agreements – one with a built-in backstop underwriting commitment, and one without;
  • Both have already been successfully tested on high-profile EMEA trades;
  • The agreements will be available to download from Afme’s website tomorrow.

The Association for Financial Markets in Europe (Afme) has launched the region’s first model placing agreements for block transactions. The standards aim to streamline trades across Europe, Middle East and Africa (EMEA) and into...