I'm trying to understand some terms relating to an ISDA / International Swaps and Derivatives Association Master Agreement.
I'm doing this so that I can analyse a company that provides FX services to small to medium businesses.
The three terms are:
- Threshold Amount (is greater of £150M and 3% of shareholder equity)
- Minimum Transfer Amount (£250K)
- Independent Amount (£1.5M)
Can anyone explain these in general / simple terms