SIFMA AMG Derivatives Trading Package

SIFMA’s Asset Management Group (SIFMA AMG) has prepared a template client document that asset management firms can use to comply with new informational and disclosure obligations required to onboard clients for derivatives transactions. The “Derivatives Package” for use with clients includes a cover letter, a Derivatives Trading Client Questionnaire, a Derivatives Authorization, and a list of regulatory definitions used in the documents. Client completion and signing of the Derivatives Package provides asset managers with authority to set up an account for trading on the client’s behalf, to make required representations, and to adhere to the relevant industry Protocols without disruption of the management of the client’s account.