ITFA Guidance Note covering TARGET Day definitions in BAFT and ITFA MPAs

Following the updates to the Eurosystem in 2023 with the introduction of T2, ITFA is pleased to share with its members a proposed wording to amend the references to TARGET Day in the existing English law BAFT MPA forms as well as the 2019 ITFA MPA for Unfunded Participations. The document can be found here » MPA (BAFT) (itfa.org)
 
This wording also aligns with the newly published ITFA MARA » Other Market Practice Documents (itfa.org) to ensure further consistency across our industry.