Bilateral Amendment to Acknowledge UK Bail-In and Stay Provisions

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Bilateral Amendment to Acknowledge: UK Bail-In and Stay Provisions (IECA Form). This bilateral template form may be used by a non-bank party (Party B) with its UK-regulated bank counterparty (Party A) to amend one or more Covered Agreements between them. Using this bilateral template form, Party B will acknowledge and agree to be bound by an exercise by the UK Resolution Authority of either or both of: (i) the UK Bail-In Power of the UK Resolution Authority, or (ii) the UK Stay in Resolution power of the UK Resolution Authority.

Presenters

  • Jerry Jeske
  • Ilene Froom
  • KC Hairston
  • Phillip Lookadoo

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