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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:

  1. Threshold Amount (is greater of £150M and 3% of shareholder equity)
  2. Minimum Transfer Amount (£250K)
  3. Independent Amount (£1.5M)

Can anyone explain these in general / simple terms

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